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Yahoo!'s Jerry Yang has agreed to step down as CEO of the Internet giant, and return to his role as "Chief Yahoo!."
Yang founded the company with David Filo as a Stanford student in 1994.
Shareholders blame him for standing in the way of Microsoft's effort to buy the company for $33 a share. Yahoo! closed at less than $11 Monday.
Here's Yang's memo explaining his departure to employees.
Additional stories at The New York Times, CNN/Money
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