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Jerry Yang, Yahoo’s co-founder, has stepped down from his position on the company’s board after 16 yearsThe end of an internet era has come with the resignation of Jerry Yang, the 43-year-old co-founder of Yahoo, from his position on the company’s board after 16 years. Yang’s reign as chief executive, between June 2007 and January 2009, included the disastrous decision – from Yahoo shareholders’ point of view – to reject a $44.6bn (£29.1bn) takeover offer from Microsoft in February 2008, which priced the company at a 50% premium on its share price at the time.
published date:Tue, 17 Jan 2012 23:15:58 GMT