[Reuters] Search is on for new Yahoo CEO after Yang steps down

Posted by: UGN Security

[Reuters] Search is on for new Yahoo CEO after Yang steps down - 11/18/08 06:54 AM

SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending its shares up 4 percent on hopes his departure will clear the way for a deal with Microsoft.