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Yahoo CEO Scott Thompson’s letter to employees about Jerry Yang departure

Posted by Andru Edwards Categories: Corporate News, News

So, Jerry Yang has left Yahoo!. Of course, we're interested in knowing how new Yahoo! CEO Scott Thompson would handle addressing the news to his crew, and we've got the full email below to show what he had to say. Spoiler: he has nothing but good things to say about Yang, and Yahoo! as a whole:

Dear Fellow Yahoos,

By now, I think everyone has heard that Jerry has decided that it is time for him to pursue other interests outside of Yahoo! and has resigned all of his positions with Yahoo!.

Obviously, I’ve only been here a short time, but Jerry has had a strong influence on me.  I know that when the Board appointed me as CEO, it was one major step in their plan to help restore Yahoo! to a path of robust growth and industry-leading innovation.  When I came on board, Jerry shared with me his confidence that the company had the foundation and resources necessary to achieve those objectives.  The more I dig in, the more I'm convinced that Jerry is right to have that confidence that Yahoo! can realize its still enormous potential, and I share it.

So it was very encouraging that even as he leaves the company, Jerry expressed his enthusiasm for our ability to create “an exciting and successful future” together – a powerful endorsement from one of the two people who know this company best.  Personally, I am grateful for the support and warm welcome Jerry provided me in my early days here.  His insights and perspective were invaluable, helping me to dig deeper – more quickly than I could have on my own – into some of the key elements of the company and how it operates.

Jerry will clearly be missed, but he has left an indelible imprint on this company he co-founded and built and an internet industry he helped pioneer.  The high standards he set for engineering excellence and a constant push for innovation will remain among the guideposts for our path forward.  Please join me in wishing him all the very best in this new phase of his life.  I assure you, we will make him proud.

Scott


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Jerry Yang leaves Yahoo after 17 years

Posted by Andru Edwards Categories: Corporate News, News

Yahoo co-founder Jerry Yang has resigned from its board of directors according to the company.

“My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life,” Yang wrote in a letter to chairman Roy Bostock. “However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future.”

Yang's departure follows the recent appointment of Scott Thompson as CEO, who replaced the ridiculous Carol Bartz after she was fired. Many have called for Yang's departure for years, and the day has finally come.


AMD CTO Phil Hester resigns

Posted by Andru Edwards Categories: Corporate News

Phil HesterUh-oh, this one can’t be good for . After AMD’s latest chip release was met by disappointment by the benchmarking crowd, some were kind of bummed out about waiting for the new Phenoms. Then, just a few days ago, the company vowed to cut their workforce by 10% by September after lowering their Q1 sales expectations. Now, we have even worse news, as AMD CTO Phil Hester has voluntarily resigned from his position. MarketWatch says he is doing this to “persue other opportunities,” which is what we hear from just about any high-level exec who suddenly decides to leave a company. No word yet on who his replacement will be - in fact, AMD says he won’t be replaced. Um, what?

Read More | MarketWatch

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