Jerry Yang Resigns From Yahoo

 

The founder of YAHOO!, Jerry Yang, is moving on to greener pastures.  Mr. Yang announced on Tuesday he was resigning from Yahoo’s board after co-founding the company with David Filo in 1995.  Yang has been under pressure and criticism over his loyalty to the company.  The step down is being reported as voluntary although some close to the situation disagree.   Yahoo’s stock gained 3% to $15.90 in after-hours.