June 2007-January 2009: As Yahoo's co-founder with Jerry Filo, Jerry Yang had a special connection with the company. That's why he agreed to take over after Yahoo parted ways with Semel.
Fairly or not, Yang's legacy will forever be connected with the decision to reject Microsoft's $44.6 billion bid to acquire the company. Yang reportedly held out for $4 more per share than Microsoft was willing to pay and effectively killed chances for a deal. As the company's stock continued to slide, impatient investors bayed for Yang's head.
When he finally resigned as CEO, few on Wall Street expressed regret upon hearing the news. Of course, they also ignored the fact that Yang helped build one of the biggest Internet properties in the world.
July 16, 2012 2:32 PM PDT
Photo by: CNET
| Caption by: Charles Cooper
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