Jerry Yang quits Yahoo! for good

Looks like Jerry Yang has quit Yahoo! for good.

Jerry Yang. Photo from www.bloomberg.com. Photographer: Matthew Staver

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.

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