Yahoo! Inc. (YHOO) 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.
Yang, who had the position of “chief Yahoo,” was CEO from June 2007 to January 2009, when the Sunnyvale, California-based company rejected an acquisition offer from Microsoft for $47.5 billion. He was replaced by Carol Bartz as CEO, who was fired in September 2011.
Yang’s exit comes after Yahoo investor Third Point LLC asked for two board seats and for Yang to step down as a director. Third Point cited the “board’s inability — or perhaps unwillingness — to properly solicit true strategic alternative bids, let alone to negotiate them,” in a November statement.
Yahoo is now worth about $19 billion. Any buyout would be fortunate to get half of the Microsoft offer. The bulk of the value in Yahoo is the value of their stake in the chinese company Alibaba.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.