Yahoo CEO Jerry Yang will leave the role as chief executive of the number 2 search engine on the Internet. Conducting Search for New CEO Co-Founder Jerry Yang to Step Down Following Appointment of New CEO and Return to Former Role as Chief Yahoo! The change takes effect on March 1. On June 14, Yang Hyun Suk announced his decision to step down from his position at YG Entertainment. as new CEO. Last month, reports surfaced that Yang allegedly solicited prostitution for business partners in the past. Nov. 18, 2008 10:08 a.m. PT. YG Entertainment CEO Yang Min Suk resigns soon after K-pop star Yang Hyun Suk steps down from all positions in company After news of iKON leader BI's involvement in a 2016 drug case broke this week, things have not gone very well for the South Korean entertainment agency co-founder and CEO Yang steps down as CEO just 18 months after his starting date. Yang Min-suk, the brother of YG Entertainment’s founder and chief producer Yang Hyun-suk, who also served as the label’s CEO, stepped down from his post Friday, announcing his decision in an emailed statement. Yang Min Suk stepped down as the lead director on … The shocking move comes after a series of high-profile legal scandals surrounding the company and its artists. Yahoo co-founder Jerry Yang will step down as CEO and return to his "Chief Yahoo" role. Yahoo's Jerry Yang to step down as CEO Blamed for botching the Microsoft acquistion offer, the Yahoo co-founder will go back to being "Chief Yahoo" and remain on company's board Today, it’s been announced that founder Yang Hyun-suk and his brother, CEO Yang Min-suk, have resigned from the company following sustained allegations of … The Associated Press reports that Yang has decided to step down … ... Yang, who became CEO in June 2007, will take on his former title of “Chief Yahoo” once a successor is found, and also remain on the board. We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. January 13, 2009: Carol Bartz joins Yahoo! November 17, 2008: Yahoo! Surprise, Yang HyunSuk was actually never the CEO of YG Entertainment to begin with on official documentation, meaning, he didn't hold any official position to step down from to begin with, but exerted control and influence over the company because of the sole fact that he was Yang HyunSuk. Leon Black said on Monday he would step down as chief executive at Apollo Global Management Inc, following an independent review of his ties to … 2010s SBS Transit has promoted its chief operating officer (COO) Cheng Siak Kian to acting chief executive officer (CEO). Following Yang Hyun Suk's resignation, Yang … YG has denied the claims. All Rights Reserved. Hours after Yang’s departure, his younger brother, Yang Min-suk, also reportedly stepped down from his role as CEO … Yahoo CEO Yang to step down. YG’s CEO and Yang Hyun Suk’s brother, Yang Min Suk, also announced that he is resigning. “I’ve dedicated the past 23 years of my life to YG Entertainment. YG Entertainment founder Yang Hyun-suk announces today (June 14) that he will be stepping down from playing any role in the company. By Bijan Stephen May 22, 2019, ... Andy Yang will begin his tenure as the next CEO … In the statement, the former YG CEO said he wished his “decision (to resign) will bring about the start of new, positive changes for YG Entertainment.”, Published : Jun 14, 2019 - 18:36       Updated : Jun 15, 2019 - 10:49, New infections up over 500 on flare-up in religious community infections, With COVID-19 vaccines just weeks away, S. Korea aims high, Hyundai’s Kona EV investigated for catching fire after recall, [Eye on Business] The story behind Korea’s ‘screen golf’, Moon’s tough job of striking balance between US, China, [News Focus] Unauthorized alternative schools in blind spot of Korea’s virus control efforts, Pets and COVID-19: What owners should know, S. Korea pushes to embrace cohabiting couples, non-traditional families, S. Korea extends suspension of flights from Britain till Feb. 11, Navy chief urged to take 'special caution' after defense ministry inspection, BTS agency Big Hit to invest 70 bln won in K-pop giant YG, Moon briefs global leaders on S. Korea's inclusive policy amid pandemic, Worsening slump hits Korea’s magazine industry, Korean kids eat too much sugar: Food Ministry, Determination, execution, collaboration needed to tackle climate change: LG Chem chief, Washington could revive four-party, six-party talks with NK under Blinken, Youn Yuh-jung bags 20th trophy in US for her role in ‘Minari’. December 2009: Announced integration with Facebook Connect. Tw Yang to Step Down After Microsoft, Google Deals Fail [bloomberg.com] Nov. 17 (Bloomberg) -- Yahoo! Yang Hyun Suk 's brother Yang Min Suk has stepped down as the lead director of YG Entertainment. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse. The X-Men are being set up for some major events in and out of the comics. Mr Cheng, 50, replaces Yang Ban Seng, 63, who will relinquish his role as CEO on the same day. Indiegogo’s CEO steps down amid layoffs. “I thought of it as the only thing I could offer fans and society.”, He added, “However, from today I will step away from all of my roles and work at YG. He acknowledged that a big change needs to happen and has decided to step down from the CEO position in YG Entertainment. Yang Min-suk was appointed as the company's CEO, with YG Entertainment owning 38.6% of the company's shares. YG has denied the claims. In a decision on Nov. 27, Judge Park Soo-hyun of the Seoul Western District Court imposed the fine on Yang. Terms & Conditions YG was founded in 1996 and launched and managed the careers of many of K-pop’s biggest stars over the last two decades, including BLACKPINK, BIGBANG, 2NE1, and Psy. YG PLUS Inc., previously named Phoenix Holdings Inc., is a publicly traded media and advertisement company acquired by YG Entertainment in October 2014. Vodafone UK CEO Nick Jeffery will step down and be replaced by Ahmad Essam, who has served as group chief commercial operations and strategy officer at the firm since 2018. "As of today, I want to put down all my titles and duties at YG Entertainment," said Yang Hyun-suk, CEO and chief producer of YG Entertainment, which manages BIGBANG. On YG Entertainment’s new reality show YG Treasure Box, Yang Hyun Suk talked about his regrets of missing out on what he called famous stars, he didn’t accept those celebrities who auditioned to his agency. More than two decades since founding YG Entertainment in 1996, founder Yang Hyun-suk announced on Friday (June 14) that he has stepped down from playing any role in the company. Even YG Entertainment CEO Yang Hyun Suk has regrets about missing on some celebrities who had previously auditioned for his agency. Yahoo’s Yang to step down as CEO. Some of its notable clients include Coca-Cola, SK Telecom, and The Face Shop. Read the rest of the report. If you remember, former YG star Seungri (Lee Seung-hyun) of BIGBANG left the group and retired from the entertainment industry because police were investigating a huge scandal involving sex tapes, prostitutes, and allegedly a secret group chat where police officers were members of. I sincerely hope that there will not be any further damage to my beloved celebrities under YG, and to the loving fans, because of me.”. [Update] YG announces he will step down from all positions at YGE, brother steps down as YGE CEO – Asian Junkie [Update] YG announces he will step down from all positions at YGE, brother steps down as YGE CEO IATFB 06/13/2019 K-Entertainment Leave A … Two bold remixes in time for the silhouette’s 25th anniversary. Yang Hyun-suk (YG Entertainment) Yang Hyun-suk, founder of Korean agency YG Entertainment, was fined 15 million won ($13,600) by a Seoul court for gambling several times in Las Vegas. Bitmain co-founder Jihan Wu officially announced his resignation in a signed statement published on Tuesday. YG Entertainment has announced a new CEO and lead director following Yang Min Suk's resignation. At this point, Yahoo co-founder and CEO Jerry Yang is probably kicking himself for not making things work with Microsoft. … YG Entertainment Founder Yang Hyun-Suk Steps Down Following Controversy, YG Entertainment Announces BLACKPINK's Lisa and Rosé Solo Debuts, YG Entertainment Confirms G-Dragon Working on New Album, Nikola Founder and Executive Chairman Trevor Milton Steps Down Following Hindenburg Research Allegations, YG and Nipsey Hussle's "FDT" Surges in Popularity Following U.S. Presidential Election Results, Deveaux Delivers Top-Notch Tailoring for SS20, Lucien Smith Unveils New Floral Paintings for Half Gallery Pop-Up in Paris, Take a Look Inside the Museum of Plastic Pop-Up in NYC, Reebok's Instapump Fury Receives All-Over Logo Makeover, Marvel Entertainment's Mysterious Tweet May Involve Rebooting the X-Men, Kengo Kuma's Conceptual Designs Spotlighted in Amsterdam Exhibition, left the group and retired from the entertainment industry. Showcasing furniture and products envisioned by the acclaimed Japanese architect. On June 14, Yang Hyun Suk shared his official statement regarding the recent controversies surrounding YG Entertainment. This incident put a spotlight on the company’s practices and opened up a tax evasion probe in March. and Board Member. Reddit’s Andy Yang takes over. Jerry Yang will step back to his chief Yahoo role as soon as a successor is found for the CEO role, Yahoo announces. Yang released a statement through YG Entertainment’s website that shares his thoughts on the situations. Yahoo'S Yang to Step Down As CEO. Hours after Yang’s departure, his younger brother, Yang Min-suk, also reportedly stepped down from his role as CEO of YG Entertainment. Bold prints, luxurious fabrics and luscious hues all around. An excerpt from Wu’s cryptographic message reads: “The disagreement between Micree and myself, the two co-founders of Bitmain, has been finally settled in an amicable and, more importantly, a constructive manner.” As part of the settlement, fellow co-founder and rival […] ... Yang, who became CEO in June 2007, will take on his former title of "Chief Yahoo" once a successor is found, and also remain on the board. Yang Min-suk, the brother of YG Entertainment’s founder and chief producer Yang Hyun-suk, who also served as the label’s CEO, stepped down from his post Friday, announcing his decision in an emailed statement. 2009. Yahoo CEO Jerry Yang will step down from his job as CEO, said sources close to the company, as soon as the board finds a replacement for him, in what sources close to the situation call a joint decision by him and the company’s directors. Privacy Policy. After deals with Google, Microsoft and AOl have gone virtually nowhere, Yang will step down to focus on Yahoo's technology and strategy. Eventually, Microsoft withdrew its offer. A project to encourage the elimination of single-use plastic water bottles. HYPEBEAST® is a registered trademark of Hypebeast Hong Kong Ltd. Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more. This resulted in Yang Hyun-Suk, founder of YG Entertainment and then-CEO Yang Min-Suk (who is Yang Hyun-Suk's brother) to ultimately step down from their … Stephen Shankland. It brought me great happiness to support the best music and the best artists,” it read. 2021 Hypebeast Limited.