yahoo’s next step

After a long time and a lot of wonder as what would happen to yahoo!, it was announced that Jerry Yang (Yahoo’s founder and CEO) will be stepping down. (Info from the NYTimes too)

The company was talking about being bought by Microsoft and no one really wanted that, but that was when the stock was ~$40/share. Yahoo closed at under $11 today.

The kick in the pants was the ~$30 was too low for Yang and they passed… Granted the market is in a mess right now, but it will be amazing to see what happens to the stock on Tuesday…