A number of news sources (paidContent.org, NY Times, WIRED News) are reporting that Founder and CEO Jerry Yang is stepping down as head of Yahoo - just as soon as the company can replace him.

Kara at All Things Digital has a copy of the memo from Jerry tendering his resignation.

We ran a piece earlier this month on the problems Yahoo has been facing. Jerry was on the spot at the Web 2.0 conference at the time. Deals to solve Yahoo's financial problems have fallen through with both Google and Microsoft in the recent past.

It will be interesting to see the direction Yahoo takes under new leadership...


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