In 1999, at the MIT Technology Review TR100 Yang was named one of the top 100 innovators in the world, under the age of 35. He was CEO of the company from 2007 till 2009 though throughout this time he was very much criticized by several investors as the stock prices and revenues did not rise. The situation worsened when he refused Microsoft’s offer of buying Yahoo! for 47 billion dollars. Consequently Yang was replaced as CEO by Carol Bartz with Yang assuming his previous role of ‘Chief Yahoo’ and member of Board of Directors. In 2012 it was announced that he would leave the company along with all his responsibilities.
By 2008 the company’s shares had dropped to only 14 dollars per share. BusinessWeek listed Yang as the ‘Worst Managers of 2008’. At the time of Yang’s resignation from the board Yahoo! market capitalization was only 20 billion dollars. Despite the company’s bleak situation, Yang did play a key role in managing and developing the company’s business policies, international ventures and improving its vision. His business career and contribution to the internet media industry proves his talent as a business magnate. Presently Yang is member of the board of Cisco, Alibaba, the Asian Pacific Fund and Yahoo! Japan. He also sits on the Stanford University Board of Trustees
Yang got married to Akiko Yamazaki whom he met at Stanford. She is a graduate in Industrial engineering and director at the Wildlife Conservation Network. Yang is also a philanthropist; he donated 75 million dollars to his alma mater, Stanford University which was utilized in building the ‘Jerry Yang and Akiko Yamazaki Environment and Energy Building’. With a net worth of 1.2 billion dollars, Yang is one of the richest people in the U.S. With his deep insight into the world of business, Yang has achieved a lot at a young age.
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