San Francisco - Jerry Yang, who helped kick start the internet revolution in 1995 as co-founder of web portal Yahoo, is stepping down as the company's chief executive.
The announcement by the ailing internet giant came after months of falling revenue, fierce proxy battles and a series of botched negotiations that scuttled what now seems to have been an exceedingly generous buyout offer from Microsoft.
Yang's alternative plan - an ad alliance with Google - was scuttled last week after strenuous objections from antitrust regulators.