Yahoo! Loses Co-Founder, Gets New CEO
Article by George Norman
On 19 Jan 2012
Jerry Yang, the co-founder of Yahoo!, announced earlier this week that he left the company. Yang resigned from all the positions he held within the company he helped found some two decades ago, mainly his position on Yahoo's board and on the boards of Yahoo Japan and Alibaba Group Holding. In a letter sent to Board Chairman Roy Bostock, Yang said that he left Yahoo! to pursue other interests and that he is confident that under the leadership of Yahoo!’s new CEO, the company has a bright future.

“My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. 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,” said Yang in the abovementioned letter to Bostock.

Advertising

Yahoo! kicked off the new year with the announcement that, after spending 4 months looking for one, it has a new CEO: 54-year-old New Englander Scot Thompson. As you may remember, back in September 2011 Yahoo! announced that its board of directors decided to let CEO Carol Bartz go and put CFO (Chief Financial Officer) Tim Morse in charge until a replacement for Bartz would be found. Bartz was quite upset at the time, not because she got fired, but because she got fired over the phone.

Getting back to Yahoo!’s new CEO, before joining the company co-founded by Jerry Yang, Thompson served as the President of eBay’s PayPal unit, CIO (Chief Information Officer) for Barclays Global Investors and Visa Inc.’s Inovant. A long time fan of Yahoo!, Thompson plans to apply his dedication to innovation, speed, and discipline to ensure Yahoo! has a bright future. “I want to return this business to being one of the great iconic brands. I have a core belief that what happens in the next five years -- and the next ten -- is almost impossible to imagine,” said Thompson.




Tags: Yahoo!, Jerry Yang, Scott Thompson, Carol Bartz
About the author: George Norman
George is a news editor.
You can follow him on Google+, Facebook or Twitter

I Hope you LIKE this blog post! Thank you!
What do YOU have to say about this
blog comments powered by Disqus
Popular News
By George Norman on 17 Aug 2017
With the blockbuster movie season upon us, Sony decided to celebrate the occasion with a sale: the Attack of the Blockbusters Sale that offers discounts of up to 50% (60% if you’re a PlayStation Plus member) on a ton of PS4 video games.
By George Norman on 17 Aug 2017
Samsung’s new T5 portable solid-state drive (PSSD) uses the latest 64-layer V-NAND technology, offers between 250GB and 2TB of storage capacity, has a lightweight and shock-resistant design that’s smaller than the average business card, and delivers industry-leading transfer speeds of up to 540 MB/s.
Related News
Sponsored Links
Hot Software Updates
Top Downloads
Become A Fan!
Link To Us!
Yahoo! Loses Co-Founder, Gets New CEO
HTML Linking Code