And while I and the entire Board respect his decision, we will miss his remarkable perspective, vision and wise counsel. He has always remained focused on the best interests of Yahoo!'s stakeholders, including shareholders, employees and more than 700 million users. His unique strategic insights have been invaluable. "It has been a pleasure to work with Jerry. "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. in 1995 with David Filo and served as a member of the Board of Directors since March 1995 and as Chief Executive Officer from June 2007 to January 2009. 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." "My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. ![]() In a letter to the Yahoo! Board Chairman Roy Bostock, Yang wrote: In addition, Yang resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today. (NASDAQ: YHOO), the premier digital media company, today announced that Jerry Yang has resigned from its Board of Directors and all other positions with the company, effective today. SUNNYVALE, Calif.-(BUSINESS WIRE)- Yahoo! Inc. Yahoo! Announces Resignation of Jerry Yang As for Jerry? He's off to "pursue other interests" - but we didn't need to tell you that, now did we? In all seriousness, it's no surprise to see Yahoo's stock rallying, as many felt that Yang was the major roadblock holding up an outright sale or other significant shake-up within its ranks. ![]() We aren't about to draw links of Yang's exit to the hiring of Scott Thompson as CEO (in fact, Yang praises him in his exit blurb), but we are drawing links to his sudden purchase of a yacht, a new sauna and a round-the-round journey courtesy of Abercrombie & Kent. We most recently heard from Yang during his interview at AsiaD, where he sounded none too pleased about the going-ons there. As of January 17th, he has resigned from Yahoo's Board of Directors and all other positions with the company, and moreover, has resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited. The long, drawn-out, oftentimes melodramatic saga revolving around Yahoo itself and co-founder Jerry Yang is well-documented.
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