[QODLink]
Americas
Yahoo! co-founder Jerry Yang resigns
The departure comes just two weeks after the company hired former PayPal executive Scott Thomson as its CEO.
Last Modified: 18 Jan 2012 03:00
Co-founder of Yahoo!, Jerry Yang, also resigned from the boards of Yahoo! Japan and Alibaba Group [EPA]

Yahoo! announced that co-founder Jerry Yang has resigned from the board of directors, effective immediately, and all of his other positions with the internet company.

In addition to stepping down from the Yahoo! board, Yang has also resigned from the boards of Yahoo! Japan and Alibaba Group Holding Ltd, Yahoo! said in a statement on Tuesday.

In a letter to Roy Bostock, the chairman of the Yahoo! board, Yang said "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," Yang added.

Larry Magid, a technology journalist, told Al Jazeera that there is a lot of speculation over the reasons behind Yang's departure. "It does appear he was unhappy with what's going on at Yahoo!."

"It could be that Yahoo! is on the verge of being taken over either by Microsoft or a consortium of investors," he said, "or it could be that Yang is tired of all the drama."

"Jerry Yang is a visionary and a pioneer, who has contributed enormously to Yahoo! during his many years of service," Bostock said. "And while I and the entire board respect his decision, we will miss his remarkable perspective, vision and wise counsel."

Yang co-founded Yahoo! in 1995 with David Filo.

Although a popular figure among Yahoo employees, Yang had alienated the company's shareholders by turning down a $47.5 billion takeover offer from Microsoft in 2008.

Source:
Al Jazeera and agencies
Topics in this article
People
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
More than 400 gaming dens operate on native lands, but critics say social ills and inequality stack the deck.
The Palestinian president is expected to address the UN with a new proposal for the creation of a Palestinian state.
Nearly 1,200 aboriginal females have been killed or disappeared over 30 years with little justice served, critics say.
Ethnic violence has wracked China's restive Xinjiang region, leading to a tight government clampdown.
Malay artists revitalise the art of puppeteering by fusing tradition with modern characters such as Darth Vader.