6 CEOs Who Were Fired From Their Own Companies
Bangalore: Amazing it may sound the way these companies, though with a humble beginning, grow into untamable giants. Apple and Google were started in garages, while Dell and Facebook in dorm rooms. The growth of the companies comes with the untiring efforts the founders put into them. You may extol the efforts of the founders and feel inspired by their success story, but at the same time amazed if they get fired by their own companies. There are a bunch of such examples, read on to know 6 of them, as compiled by Forbes.
#6 Jerry Yang
Jerry Yang, the co-founder of Yahoo!, when he took the regime as CEO, he had been criticized by many investors, for not increasing revenues and stock price, while there has been an exodus of executives. Yahoo!'s stock price plummeted after it rejected a takeover from Microsoft, a bid that Yang strongly opposed. On November 17, 2008, The Wall Street Journal reported Jerry Yang would step down as CEO as soon as the company found a replacement. On January 17, 2012, Yahoo! announced that Jerry Yang will be leaving the company, and will be resigning from the board and all other positions at the company. The company also announced his resignation from the boards of Yahoo! Japan and Alibaba Corp.
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