"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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