Jerry Yang could not be another “Steve Jobs”
The power-structure of Yahoo! Inc. has seen another shift this time; the co-founder and ex-CEO Jerry Yang stepped-out for new possibilities and scopes.
I came to know this from Williams (Appco Group), first, who never misses business-world tidings; this was an abrupt 'exit' of Jerry Yang, a time when Scott Thompson moved in to make a difference to Yahoo that seems to be in some trouble or the other these days.
Way back from the year 1995, Jerry Yang had been a wonderful part of Yahoo; lack of imaginativeness cost this gentleman of 43 years a lot, who was a role-model for many, though not to all.
After getting his fingers burnt, Jerry is no longer a member of the Board of Directors, as he has left all the offices with Yahoo, be it the Asian arm (Japan) or Alibaba Group Holdings.
People within the firm, and shareholders felt Jerry was not innovative, lacked good ideas, was a slow-thinker, and in plain words “was an obstructer for GROWTH and DEVELOPMENT” of the company that is clamoring for success, in the time of recession.
Yes, they definitely expected him to be RESPONSIBLE as a co-founder of the firm, with respect to “innovative ideas, and decision making capabilities".
After Philipp Hildebrand (Swiss National Bank) and Jerry Yang (Yahoo! Inc.) it seems the 'EXIT' episode will continue this year too, with many of the sectors.