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  Yang Steps Down as Yahoo CEO
Time: 20:10 EST/01:10 GMT | News Source: eWeek | Posted By: Andre Da Costa

Yahoo co-founder Jerry Yang resigned Nov. 17 as CEO of the troubled Internet corporation, the company announced in a press release late in the day. Yang, under a great deal of criticism for the last year in the wake of a botched merger with Microsoft, has decided to return to his former role as so-called Chief Yahoo upon the appointment of his successor as CEO, according to the statement. Yang, however, will also continue to serve on the board.

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