The resignation came two weeks after Yahoo appointed Scott Thompson as the new CEO.
In a letter of resignation to the Chairman of the Board of Directors of Yahoo, Yang said that this step in order to secure "other interests outside of Yahoo." He was enthusiastic about the appointment of Thompson as the new executive leader.
Who co-founded Yahoo in 1995 meritorious and led the company soared as information provider and a leading email service in cyberspace. However, in recent years, Yahoo has been lagging behind its competitors, like Google and Facebook.
Yahoo drop in performance was also not free from a number of controversial decisions during the still the CEO.
One is to cancel a business partnership with Microsoft. Once pressed the various parties in late 2008 stepped down as CEO, and now out of Yahoo's Board of Directors.
Left the CEO position was filled by Carol Bartz, but last year he was fired before Yahoo pointed to Thompson as the new CEO.
Ironically, shortly after the resignation of Yang's, Yahoo's shares on Wall Street rose 3.4 percent. Among analysts believe that the discharge of the contract negotiations is likely to accelerate the billions of dollars on the sale of some assets of Yahoo, like 40 percent stake in China Alibaba page and investments in Yahoo Japan.
The resignation came two weeks after Yahoo appointed Scott Thompson as the new CEO.
In a letter of resignation to the Chairman of the Board of Directors of Yahoo, Yang said that this step in order to secure "other interests outside of Yahoo." He was enthusiastic about the appointment of Thompson as the new executive leader.
Who co-founded Yahoo in 1995 meritorious and led the company soared as information provider and a leading email service in cyberspace. However, in recent years, Yahoo has been lagging behind its competitors, like Google and Facebook.
Yahoo drop in performance was also not free from a number of controversial decisions during the still the CEO.
One is to cancel a business partnership with Microsoft. Once pressed the various parties in late 2008 stepped down as CEO, and now out of Yahoo's Board of Directors.
Left the CEO position was filled by Carol Bartz, but last year he was fired before Yahoo pointed to Thompson as the new CEO.
Ironically, shortly after the resignation of Yang's, Yahoo's shares on Wall Street rose 3.4 percent. Among analysts believe that the discharge of the contract negotiations is likely to accelerate the billions of dollars on the sale of some assets of Yahoo, like 40 percent stake in China Alibaba page and investments in Yahoo Japan.
Be the first to comment