Jerry Yang has decided to step down as CEO of Yahoo! While Jerry has received a bashing this last year over his decision to pass on the Microsoft deal, Yahoo is still one of the most trafficked sites on the Web -“and still makes more profits than most companies in the sector.”

Yang announced that “I’ll be returning to my role as Chief Yahoo and board member once my successor is named,” and “that I will always bleed purple.” Although Yahoo! stock may have taken a bashing this year along with Yang, it still has some of the Internet’s most valuable digital properties – including the Flickr photo service.