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Jerry Yang Has Left the Building; Resigns From Yahoo
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Jerry Yang Has Left the Building; Resigns From Yahoo

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Jerry Yang Has Left the Building; Resigns From Yahoo

Investors won’t have Jerry Yang to blame anymore. In a stunning move announced after the markets closed, the Yahoo (NSDQ:YHOO - News) co-founder resigned from the company’s board of directors and from all other positions—effective immediately. Just as quickly, Yahoo’s stock jumped in after-hours trading.

From his letter to the board:

“My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future.”


Jerry Yang Has Left the Building; Resigns From Yahoo, Alibaba Boards - Yahoo! Finance

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