Yahoo’s Jerry Yang has resigned from the company he co-founded in 1995. It was announced on Tuesday that Yang is quitting Yahoo Japan Corporation and Alibaba Group Holding with immediate effect.
In a parting letter to Board Chairman Roy Bostock, Yang insisted that he is fully supportive of the efforts of new CEO Scott Thompson. Nevertheless, his departure comes at a time when some analysts are questioning Yahoo’s direction, with some worrying that the company does not have a strongly defined presence in the 21st century online world.
The problem, as many see it, is that Yahoo does lots of things but is not dominant in many areas. Ask the average person what Yahoo’s core business is, and they might not be able to tell you. Nevertheless, the company remains a big player in the online advertising world.