wordpress blog stats
Connect with us

Hi, what are you looking for?

, , ,

Jerry Yang Resigns From Yahoo’s Board

Yahoo co-founder Jerry Yang has resigned from the company’s board of Directors and all other positions with the company, effective Jan 17, 2012. In addition to that, he is also stepping down from the boards of Yahoo Japan Corporation and Alibaba Group Holding Limited. Yang’s departure announcement comes on the heels of the appointment of Scott Thompson as the new Yahoo CEO.

In a letter to Yahoo’s Board Chairman, Roy Bostock, Jerry Yang stated that he intends to pursue other interests outside the company, expressing confidence in the ability of Scott Thompson.

History: Jerry Yang co-founded Yahoo with David Filo in 1995 and was on Yahoo’s Board of Directors since March 1995. He also served as the company’s Chief Executive Officer from June 2007 to Jan 2009, before being replaced by Carol Bartz. He is also said to be responsible for turning down Microsoft’s acquisition offer of $33/share in May 2008, for which he was criticized extensively. The company shares are valued today at $15.4 which is less than half of Microsoft’s offer.

More Capital Infusion? Reuters reports that this exit may pave the way for capital infusion from private equity funds or a long rumored company sale as many shareholders reportedly felt Jerry Yang was the major roadblock in the process. Yahoo has been facing some tough times for the past year or so, as it tried to grow revenues and appease its shareholders.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ