Jerry Yang Research Paper
Jerry declined. Some believe this to be one of the worst financial decisions in the world of tech. Some believe Jerry’s personal connection to the company may have prevented from selling to Microsoft, as well as his desire to remain independent. Yang had taken the position of CEO in 2007, with very little executive experience, and in 2009 he resigned. By 2012 Yahoo stock had dropped to a mere $16 per share. When news of his departure reached the public, Yahoo stock rose 3.5 percent. (Lyon) Yang has been blamed for much of the hardships of Yahoo, but little mention has been made of the investment Yang made in Alibaba, an e-commerce giant worth between $125 to $200 billion. Looking for new avenues, Jerry left the board of directors of Yahoo in 2012 and founded AME Cloud Venture capital firm. Jerry created AME with the purpose of finding, funding and assisting true entrepreneurs. So far he has invested in more than 50 start-ups, including Evernote and Tango. He is also on the boards of Alibaba, an e-commerce giant in China, as well as the software firm Workday.