{"id":19105,"date":"2012-01-18T11:29:00","date_gmt":"2012-01-18T11:29:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/yahoo-shares-rise-as-co-founder-jerry-yang-resigns-yhoo\/19105\/"},"modified":"2012-01-18T11:29:00","modified_gmt":"2012-01-18T11:29:00","slug":"yahoo-shares-rise-as-co-founder-jerry-yang-resigns-yhoo","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/yahoo-shares-rise-as-co-founder-jerry-yang-resigns-yhoo\/19105\/","title":{"rendered":"Yahoo Shares Rise as Co-Founder Jerry Yang Resigns (YHOO)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2010\/12\/91.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-3179\" title=\"YAHOO\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2010\/12\/91-150x120.jpg\" alt=\"YAHOO\" width=\"150\" height=\"120\"><\/a>Shares of Yahoo! Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=YHOO\">NASDAQ: YHOO<\/a>), the online media company, are gaining in early trading today after the Sunnyvale, California-based company said that its co-founder, Jerry Yang, has resigned.<\/p>\n<p><span id=\"more-19105\"><\/span><\/p>\n<p>Yang co-founded Yahoo in 1995. His departure has pleased shareholders, who were upset with him for obstructing deals which could have transformed the struggling company.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Yang\u2019s resignation comes two weeks after Yahoo announced the appointment of Scott Thompson as its new CEO.<\/p>\n<p>Analysts believe that Yang\u2019s departure from Yahoo clears the way for a major infusion from private equity firms or a deal to sell a major portion of the company\u2019s stake in China-based Alibaba.<\/p>\n<p>Macquarie analyst Ben Schacter told Reuters that everyone is going to assume this means a deal is more likely with the Asia counterparts. Schacter said that the perception among shareholders was Jerry was more focused on trying to rebuild Yahoo than necessarily on maximizing near-term shareholder value.<\/p>\n<p>Yang will sever all his formal ties with Yahoo. He has resigned from all positions, including his seat on the Yahoo Board. Yang has been under fire from shareholders for his handling of the company\u2019s affairs dating back to a failed deal with Microsoft Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=MSFT\">NASDAQ: MSFT<\/a>).<\/p>\n<p>Yahoo did not provide any details on why Yang has suddenly resigned from the company he co-founded. Roy Bostock, Chairman of the Yahoo Board, said that Yang is a visionary and a pioneer, who has contributed enormously to the company during his many years of service.<\/p>\n<p>Scott Thompson, Yahoo\u2019s new CEO, said that Yang leaves behind a legacy of innovation and customer for Yahoo, having shaped the company\u2019s culture by fostering a spirit of innovation that began 17 years ago and continues to grow even stronger today.<\/p>\n<p>Yahoo shares have risen sharply in early trading today. At last check, the stock was up 2.27% to $15.78 on volume of 5.53 million.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-and-silver-prices-in-green-in-mid-day-trading-2\/19311\"><br \/>\nGold and Silver Prices in Green in Mid-Day Trading<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/comerica-incorporated-record-deposit-levels-of-47-8-billion-at-year-end\/19305\"><br \/>\nComerica Incorporated &#8211; Record deposit levels of $47.8 billion at year-end<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/treehouse-foods-surprised-by-the-sudden-decrease-in-december-volumes\/19303\"><br \/>\nTreeHouse Foods &#8211; Surprised by the sudden decrease in December volumes<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/first-horizon-national-2011-was-another-year-of-significant-progress\/19301\"><br \/>\nFirst Horizon National &#8211; 2011 was another year of significant progress<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/sonoco-implementing-further-cost-reduction-actions-in-response-to-changing-business-conditions\/19300\"><br \/>\nSonoco &#8211; Implementing further cost reduction actions in response to changing business conditions<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/fifth-third-bancorp-2011-results-clearly-demonstrated-continued-improvement\/19298\"><br \/>\nFifth Third Bancorp &#8211; 2011 results clearly demonstrated continued improvement<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/bank-of-marin-bancorp-record-earnings-and-strong-loan-growth-this-year\/19296\"><br \/>\nBank of Marin Bancorp &#8211; Record earnings and strong loan growth this year<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Yahoo! Inc. (NASDAQ: YHOO), the online media company, are gaining in early trading today after the Sunnyvale, California-based [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[3],"tags":[33,325],"class_list":["post-19105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-msft","tag-yhoo"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/19105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=19105"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/19105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=19105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=19105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=19105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}