If Jerry Yang were a college football coach, his athletic director would likely have already asked him to step down, or else. Just ask Tommy Bowden (formerly of Clemson) what happens when you promise much, but deliver zip.

Of course, Jerry Yang is not solely responsible for Yahoo’s current woes, but in light of the fact that Yahoo failed to get a deal done with Microsoft (at $31 a share) and bet big on a partnership with Google–a deal even Google didn’t believe would be approved–is it time for him to resign?

I ask because of the sorry state Yahoo is now in. Even if Yang is somehow able to entice Microsoft back to the negotiating table, the company would likely fetch less than $15 a share–compare that to the $31 the company previously turned down.

Yang seems like a great guy–the very essence of what it means to be a Yahoo–but I’ve known plenty of nice guys and they don’t all make great CEOs (or football coaches).

What do you think? Should Yang stay on, or step down?

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