Jerry Yang Stepping Down As Yahoo! CEO

The Big boss of yahoo groups has given a huge statement saying that he is stepping down as yahoo CEO.Yang, who assumed the CEO role at the board's request in June 2007, will reassume his former title of chief Yahoo! once a successor is found and will also remain on the company's board.
"From founding this company to guiding its growth into a trusted global brand that is indispensible to millions of people, I have always sought to do what is best for our franchise," said Jerry Yang.
For the past year and a half , jerry has faced extraordinary challenged and distraction , faced them and made yahoo stay back in the market.Roy bostock the chairman yahoosaid the board accepts the decisions of Jerry and they are looking for a New Ceo who will take the company to Next level.
Well Jerry yang had an Interesting challenges as an CEO and handled them well.