Jerry Yang, the co-founder and former CEO of Yahoo, has resigned from the company. And we’re not just talking about his board seat, but all of his positions at Yahoo, Yahoo Japan and Alibaba.
In other words, Jerry Yang will have no involvement in the company. Yahoo will be without either its co-founders for the first time in its 17-year history.
New CEO Scott Thompson is now the company’s leader. Roy Bostock, the company’s chairman, is still around, but I wouldn’t be surprised to see him step aside eventually as well.
So what will Yahoo look like without Jerry Yang? Some might argue that he hasn’t had much influence on the company since he was ousted as CEO in 2007, but that would just be inaccurate. Yang’s influence has been felt all throughout the company, especially after he and Bostock fired Carol Bartz.
But now it’s clear that Scott Thompson is running the show and is being given the leeway to run things as he sees fit, so don’t expect a lot of bluster: Thompson is a good-natured, low-key type of guy. He’ll make sure that everybody’s heads are down, getting things built.
Will Yahoo be better off without Jerry Yang? It’s always tough when you lose a co-founder, but clearly change was needed. This is one case where having the founder take a step away from the business will turn out to be a good thing.
Image courtesy of Flickr, Tim Trueman