News »Browse Articles » Yahoo`s fate riding on Yang`s successor as CEO

With Jerry Yang quitting as Yahoo Inc.`s chief executive, the Internet company`s board will confront pivotal questions as it looks for a new leader.

Should Yahoo swallow its pride and try to strike a buyout deal with Microsoft Corp. at a price far below Microsoft`s $47.5 billion offer from 6 1/2 months ago? Or should Yahoo still pursue a long-awaited turnaround that`s becoming more difficult to achieve as the economy tanks?

If Yahoo plays it safe and hires someone from within or someone friendly with Microsoft, it could signal the board merely wants an interim captain who can steer the ship until Microsoft, or possibly another buyer, comes to the rescue.

But should Yahoo recruit a CEO with a prestigious resume or pluck an up-and-coming technology star, it will be seen as a sign that the company is digging in to remain independent for the long haul.

Source:
http://www.indianexpress.com/news/yahoos-fate-riding-on-yangs-successor-as-ceo/3

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