“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” remarked Yahoo co-founder, Jerry Yang when leaving the company that he started along with Stanford University graduate student David Filo nearly a decade ago (1995).
Yang has severed his bonds with the company by stepping down from all positions, which include his seat on the Yahoo Board of Directors. However, the company has skillfully refrained from passing any comment on the matter nor has hinted on Yang’s immediate stint. In any case, Yang is also not too keen about taking up any assignment now as he is worth well over $1.1 billion (according to Forbes Magazine’s latest estimate) and will probably go on a philanthropic mission shortly.
Nevertheless, here are some issues that are likely to have unqualified links to Yang’s departure from Yahoo.
Bottom line: Whatever the underpinnings are that have played their roles behind this dramatic departure, neither Jerry Yang nor Yahoo! would ever open their mouth about it, lest they may have to put their foot into it.