Nov. 17, 2008: Yahoo Inc. says co-founder Jerry Yang will step down as CEO as soon as a replacement is found. It ends a rocky reign marked by Yang’s refusal to sell the Internet company to Microsoft Corp. for $47.5 billion, or $33 per share, in May 2008. Yahoo’s board had been facing pressure to push him out as its stock plunged to its lowest levels since early 2003 and well below Microsoft’s last offer price.
Feb. 26: Yahoo announces a management shake-up. Chief Financial Officer Blake Jorgensen is pushed out, while Yahoo’s chief technology officer and its top advertising executive in the United States get expanded duties.
July 29: Microsoft and Yahoo announce a 10-year search deal. Yahoo turns over responsibility for search technology to Microsoft, while Yahoo concentrates on sales of billboard-style advertising on the Web.
Feb. 18, 2010: Regulators in the U.S. and Europe approve the search partnership.
Oct. 7: Yahoo rolls out new tools to get people to the information they seek more quickly, especially when searching about entertainment, sports and major events. The hope is to distinguish itself from its Internet search partner, Microsoft, because Yahoo gets a cut of ad revenue when searches are done on its own site.
May 10, 2011: Yahoo makes a surprise disclosure that Alibaba Group, one of China’s most powerful Internet companies, had spun off its online payment service, Alipay. The split causes investors to re-evaluate the value of Yahoo’s then-43 percent stake in Alibaba.
June 23: Yahoo Chairman Roy Bostock seeks to defuse speculation about Bartz’s job security at Yahoo’s annual shareholders meeting, only to have it ignited again at the end of the session by an exasperated investor.
Feb. 7: Chairman Roy Bostock and three other longtime board members say they won’t seek re-election to give Thompson an enhanced team of independent directors. Many Yahoo shareholders had been clamoring for Bostock to step down since the company balked Microsoft’s 2008 takeover offer.View Entire Story
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