Looks like Jerry Yang has quit Yahoo! for good.
Jerry Yang. Photo from www.bloomberg.com.
Bloomberg has just reported that:
Yahoo! Inc said co-founder Jerry Yang resigned from the board and all other positions, two weeks after the company announced new leadership under Chief Executive Officer Scott Thompson. The shares rose in extended trading.
I guess the time has come for new blood to lead the company forward.
Don’t think investors will ever forgive Yang for rejecting Microsoft’s acquisition offer for US$47.5 billion in January 2009.
It’s now worth US$19 billion.
Tags: Yahoo
This entry was posted on Wednesday, January 18th, 2012 at 8:04 am and is filed under Commentary, Tech news, Yahoo. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Jerry Yang quits Yahoo! for good
Looks like Jerry Yang has quit Yahoo! for good.
Jerry Yang. Photo from www.bloomberg.com.
Bloomberg has just reported that:
I guess the time has come for new blood to lead the company forward.
Don’t think investors will ever forgive Yang for rejecting Microsoft’s acquisition offer for US$47.5 billion in January 2009.
It’s now worth US$19 billion.
Tags: Yahoo
This entry was posted on Wednesday, January 18th, 2012 at 8:04 am and is filed under Commentary, Tech news, Yahoo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.