As anticipated, Yahoo’s stock bounced up at opening today, a day after Jerry Yang announced that he will step down from the post of Yahoo CEO. Yahoo opened at $11.94 compared to yesterday’s close of $10.63.
It sure looks like as if the American tech market has more confidence in Yahoo now, it only shows that many believe Jerry Yang is not the right person to lead Yahoo especially after he gave Microsoft the cold-shoulder treatment and rejected their delicious 47 billion dollar takeover plan. Now that he’s out of the picture, would Microsoft renew their interest in Yahoo?
That’s what tech blogs and American tech geeks are speculating at the moment but before anyone can answer the above question, Yahoo has to find a better replacement (should be easy) for Jerry Yang. If you are interested in becoming the new Yahoo CEO, you can send your resume/CV to Heidrick & Struggles today. Give it a shot! :-)
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Yang’s Stepping Down Adds $1.8 Billion To Yahoo’s Market Cap