Bye Bye Jerry Yang, Yahoo Next?

Yahoo, under fierce financial pressure, has begun a search to replace company co-founder Jerry Yang as chief executive, the company said Monday. 

“Jerry and the board have had an ongoing dialogue about succession timing, and we all agree that now is the right time to make the transition to a new CEO who can take the company to the next level,” Chairman Roy Bostock said in a statement. “We are deeply grateful to Jerry for his many contributions as CEO over the past 18 months, and we are pleased that he plans to stay actively involved at Yahoo as a key executive and member of the Board.”

Read more here. 

As with many CEOs that maybe should have sold, is it greed or sincere attempts at preservation of the company that’s at play here? I’m talking to you Jerry Yang, I’m talking to you Kerry Killinger!