Jerry Yang is exiting the Yahoo! Inc (YHOO). board and its management team, the latest casualty of an overhaul that led to the ouster of Chief Executive Officer Carol Bartz and left the company in search of strategic options. Yang, who started Yahoo in 1995 with David Filo, also left the boards of Yahoo Japan Corp. and Alibaba Group Holding Ltd., Asian Web companies Yahoo partly owns, Yahoo said today in a statement. Scott Thompson, former president of EBay Inc. (EBAY)’s PayPal unit, was named CEO on Jan. 4 after a four-month search.
Source: Bloomberg
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