It will certainly be interesting to watch Yahoo in the coming months and to see if they manage to recover from the mess they’ve made of themselves. Yahoo co-founder Jerry Yang just announced that he is packing up and leaving, just two weeks after Yahoo Inc. hired former PayPay executive Scott Thompson to be its new CEO.
Yang, in a letter to Yahoo Chairman Roy Bostock, wrote, “My time at Yahoo, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to pursue other interests outside of Yahoo.”
There is no indication of what Yang’s next plans will be. He certainly doesn’t need to bring in a paycheck with his fortune that is estimated to be about $1.1 billion.
While giving up his board seat at Yahoo, and at China’s Alibaba Group and Yahoo Japan, Yang is also giving up his position as the “Chief Yahoo.”
Perhaps Scott Thompson will have an easier time fixing Yahoo without Yang breathing over his shoulder. Time will certainly tell.