Last night, purple-pushing internet company Yahoo! announced that co-founder and C.E.O. Jerry Yang would be stepping down from his management role, which he’s had since June 2007. Mr. Yang will continue to sit on the company’s board and take back his old title (we kid you not): Chief Yahoo!.
Jessica E. Vascellaro of The Wall Street Journal framed it as follows:
The New York Times‘ Brad Stone and Claire Cain Miller quote from an email Mr. Yang sent to staff, retaining the Stanford graduate‘s unique punctuation: “i strongly believe that having transformed our platform and better aligned costs and revenues, we have a unique window for the right ceo to take ownership over the next wave of mission-critical decisions facing the company.”