Wednesday, January 18, 2012

Jerry Yang resigns from Yahoo! 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."      
This is what Jerry Yang sent in a letter to Roy Bostock, Yahoo! board chairman. Yes, Yahoo! co-founder is out of Yahoo! now. The letter is a request to Yahoo! board to relieve him from being part of Board of Directors, position that he held since 1995. We do have a feeling that many more resignations are to be announced in near future accompanied by sale of Yahoo! (probably to Microsoft).

        "Jerry Yang is a visionary and a pioneer, who has contributed enormously to Yahoo! during his many years of service," said Roy Bostock, Chairman of the Yahoo! Board. "It has been a pleasure to work with Jerry. His unique strategic insights have been invaluable. He has always remained focused on the best interests of Yahoo!'s stakeholders, including shareholders, employees and more than 700 million users. And while I and the entire Board respect his decision, we will miss his remarkable perspective, vision and wise counsel. On behalf of the Board, we thank Jerry and wish him all the very best in his future endeavors."    


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