Yahoo co-founder Jerry Yang cuts ties with company
Yang’s abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading internet portal to the heights it enjoyed in the 1990s.
Wall Street views the exit of “Chief Yahoo” Yang as smoothing the way for a major infusion of cash from private equity, or a deal to sell off much of its 40% slice of China’s Alibaba, unlocking value for shareholders.
