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Sorkin on Yang: He Might Step Down If That's Best For Yahoo

jerryyang9.jpgYahoo CEO Jerry Yang schmoozed with celebrity New York Times M&A man Andrew Ross Sorkin in Sun Valley. After a couple of lousy press interviews, Jerry deserved some good coverage, and he got it.

As Sorkin tells it:

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  • Microsoft embarrassed itself with that bush-league offer over the weekend (we agree).
  • Jerry's a reasonable, straightforward, and classy guy (jibes with our longstanding impression),
  • Jerry enjoyed his meeting with Carl Icahn--and has a sense of humor about it,
  • Jerry might even step down if that's the best thing for Yahoo (it might be).

Sorkin:

Mr. Yang recently met with Mr. Icahn in his New York office. “We’ve had rational conversations,” Mr. Yang said of the meeting, almost as if he enjoyed the get-together. “He said to me, ‘I like you, but I have to get rid of you,’ ” he recounted with a smile.

Amazingly enough, he seems almost willing to give up the helm if it would help. “This isn’t about me,” he said, with a sense of earnestness. “It’s about what’s going to happen to Yahoo.”

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Almost willing? Or willing? As we've argued, we think Jerry volunteering to step aside and hire an experienced operator might be a good solution for Yahoo.

But we also don't think he should give up just yet. Microsoft and Icahn burned a lot of capital over the weekend, in our opinion, and we continue to expect that Yahoo will easily win the shareholder vote.

See Also: Rumor Denied: Jerry Yang Not Resigning (But He Should Consider It)

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