Facing a failed Microsoft acquisition, which has spurred a near revolt among key investors, Yahoo! CEO Jerry Yang would probably have a difficult time describing his first year as the company's top ranking executive as an overwhelming success.

Even now, a year later, it seems clear that the Yang/Decker team have no real vision for where the company will go. The dream may still be alive, but it’s not clear it will be for much longer. We expect Yang to step down as CEO shorty, or else the board will need to issue a statement of support.

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