1. Jerry Yang, ‘Chief Yahoo,’ Steps Down From Board

    The New York Times Hydro
    Jerry Yang, ‘Chief Yahoo,’ Steps Down From Board
    Jerry Yang has left Yahoo, the stumbling Internet company he co-founded 17 years ago, the company announced Tuesday. Rick Wilking/Reuters Jerry Yang is leaving Yahoo, the Internet company he helped start 17 years ago. He did not cite a reason. In a statement, Roy Bostock, Yahoo’s chairman, said Mr. Yang would immediately give up his board seat at Yahoo and step down from the boards of the Alibaba Group and Yahoo Japan. Mr. Yang did not give a reason for his departure, but it occurred as the company undergoes a strategic review under a new chief executive, Scott Thompson, on whether the company should sell off its Asian interests and focus on its media assets. Yahoo owns a 40 percent stake in Alibaba and a 35 percent stake in Yahoo Japan.
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