Wednesday, January 18, 2012

Was Jerry Pushed at Yahoo!?

NEW YORK (TheStreet) -- We'll perhaps never know the answer to this question but was Jerry Yang pushed out of Yahoo!(YHOO_) or did he leave on his own accord?
It's just speculation on my part, but I suspect that Jerry looked ahead at the possible scenarios facing him and the board in the coming months and decided it was better for him to leave now with his head held high.
What Jerry was facing about a month from now was the possibility of a major proxy battle from Dan Loeb. Loeb is Yahoo!'s second largest stock holder and has previously called on Yang to step down, along with Chairman Roy Bostock.
Next month, Loeb -- as well as any other Yahoo! shareholder -- could have given the company notice that they were running an alternate slate of directors to replace Yahoo!'s current board.

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