3 of 9
BACKNEXT
Jerry Yang
Jerry Yang
Age: 40
Last list appearance: 2004
Then: Co-founder and CEO, Yahoo
Now: Co-founder and Director, Yahoo

When we last compiled the "40 under 40," Jerry Yang sat on top of the world. Shares of Yahoo had just made a remarkable 200% recovery from their collapse during the economic downturn in 2003, and Yang was gleefully buying up smaller search rivals and fine-tuning Yahoo's e-mail service.

But Yahoo's two-pronged business - search and mail - was wholly unprepared to compete with the one-stop digital shop offered by Google. Since Google's rise, Yahoo's market share in search, which once seemed insurmountable, has fallen to less than 20%.

Yang, once the poster child for the dot-com boom, became one of its high-profile casualties: After fighting an unsolicited $44.6 billion takeover bid by Microsoft in February 2008, Yang nearly closed a search deal with Google in the summer. But after the deal fell through, in the wake of a possible antitrust investigation by the Department of Justice -- Yang was asked to step down as Yahoo's CEO. Still he remains a Yahoo director and "Chief Yahoo!"

NEXT: Naveen Jain

Last updated November 02 2009: 9:45 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Full list: Top 40 Meet these young innovators, value creators, and agents of change. More
20 highest paidWhich young executives at public companies raked it in - and how much did they earn? More
They're hiring! These stars on our list have great jobs to fill. What are they looking for and how can you impress them? More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.