Jerry Yang resigns from Yahoo

It seems that Jerry Yang, former CEO of Yahoo has had enough.

The company officially announced his resignation from the board of directors at Yahoo!, as well as from the boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, all effective today.

In a letter written to Yahoo! Board Chairman Roy Bostock, Yang said:

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.

The question now is, will this pave the way for a Microsoft acquisition?

It’s pretty rare that a founder divests so completely from the company they founded. There has to be way more of a story here.

We’ll find out soon…

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