Jerry Yang, only 3.9% of Yahoo?

Question

I was reading an article in Microsoft's acquisition of Yahoo, and it said Jerry Yang, the CEO and cofounder of the company has only 3.9% of Yahoo shares. Why is it so low? With such small amount of shares of the company, how is he the decision maker of the company?

Answer 1

The board of directors elected Yang to be the CEO, it has nothing to do with his ownership percentage.  Reason its so low, well I don't know really, could have been diluted when he courted the VC's.  Then again didn't he leave for awhile and then come back just a few years ago.  Maybe he sold his majority share when he left.

Answer 2

that's a biggest mistake he has made if it is so at 3.9%. Reason : Not even bills gates hold 3.9% of his founder microsoft corporation.

A founder usually hold from 49% or 50% or 51% of his company.