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互联网泡沫的杨致远历程(The Yang Zhiyuan process of the Internet bubble)
互联网泡沫的杨致远历程(The Yang Zhiyuan process of the Internet bubble)
Do not stepped in as the founder of YAHOO, Yang Zhiyuan never served as CEO. In June 2007, Semel resigned after Yang Zhiyuan stepped in as CEO, and led YAHOOs new strategic positioning and platform switching.
Yang Zhiyuan shoulder a major task is: to curb the momentum of Google in the search field of monopoly, in addition to YAHOOs network assets to obtain more revenue.
Many people compare Yang Zhiyuan to the rescue of Jobs from apple, but Yang Zhiyuan lacks Jobss experience and sophistication. One hundred days after taking office, Yang Zhiyuan did not come up with a revival plan to encourage YAHOO investors, but rather ushered in the grim challenge of the acquisition of Microsoft. Finally, the acquisition of Microsoft later development, Yang Zhiyuan became the fuse of the class.
Microsoft first bid $31 per share to buy YAHOO, totaling $44 billion 600 million. But it was rejected by YAHOO and Yang Zhiyuan. In May, Microsoft raised the purchase price to $33 A share, or $47 billion 500 million, but Yang Zhiyuan still believes Microsofts offer undervalued YAHOO. Finally, Microsoft leaves the field. Many analysts believe that Microsofts acquisition of YAHOO, because Ballmer and Yang Zhiyuan character conflict and ruined.
In the past 3 months, YAHOOs share price has fallen by more than half. The current price of $10 has been only Microsofts 1/3 bid. Not long ago, Yang Zhiyuan offered to buy YAHOO for Microsoft is still a wise move. But Ballmer responded with a basin of cold water: Microsoft has no interest in YAHOO.
Obviously, Ballmers position makes Yang Zhiyuan extremely embarrassing, and at the same time aroused YAHOO investors disappointed or even angry. Under this, the resignation of Yang Zhiyuan and the existing management has been fully anticipated by the industry.
Leaving office has been expected
Because of the poor performance from shareholders dissatisfied with the former YAHOO CEO Semel Yang Zhiyuan
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