Yahoo announced its co-founder Jerry Yang has formally resigned after 17 years on the job. Yang co-founded the company in March 1995, and has been on the Board of Directors since. 17 years later, he has officially stepped down from its Board of Directors and all other positions with the company. And he has done so effective immediately. In addition, he stepped down from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited. This news comes only a couple weeks after Yahoo announced their new CEO Scott Thompson. "I am grateful for the warm welcome and support Jerry p [...]

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AllThingsD reported late yesterday that PayPal president Scott Thompson would likely be named CEO of Yahoo. It's now official; Yahoo just put out its formal press release announcing Thompson's appointment. In appointing Thompson, Yahoo is choosing a leader with a deeper technology and product background than prior CEO Carol Bartz who was abruptly terminated last September. In the interim Yahoo CFO Tim Morse has been serving as CEO. Not going to sell itself now There had been an expectation that Yahoo was going to sell itself or a significant minority stake to a private equity buyer or ano [...]

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In the wake of the firing of Yahoo CEO Carol Bartz and amid the growing speculation surrounding a possible sale of the company, work continues for the Yahoo rank and file. (The employees must have a kind of PTSD.) But in the spirit of "life goes on," Yahoo search engineers announced that the company is introducing improved SERPs. The offer a somewhat cleaner design, with tabs showing related content and navigational filters that allow sorting by date and related searches. All the changes discussed in the Yahoo Blog post aren't live for me but they appear to be generally incremental o [...]

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The not-so-shocking news came yesterday afternoon that embattled Yahoo CEO Carol Bartz was fired. When Bartz came to power in January 2009 I compared her to then newly elected Barak Obama. Both confronted crises and high expectations. Both have seen goodwill erode and give way to disappointment. Low Employee Approval The task of both chief executives was to turn around a their respective enterprises. Obama has not been able to do it and may face an electoral ouster next year. And after a number of flat or down quarters Bartz was removed over the phone yesterday. That followed several months [...]

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Details are very sparse, but All Things Digital is reporting that Carol Bartz's rocky tenure as Yahoo CEO has ended. All Things Digital reports that current CFO Tim Morse will take over the CEO spot on an interim basis. Speculation raged earlier this summer that Bartz' days were numbered when Yahoo announced weak Q2 financials. She'll be remembered for brokering the Yahoo-Microsoft search and ads deal that effectively put Yahoo out of the search engine business (aside from display; Yahoo's search results have been powered fully by Microsoft). We'll have more on this as information [...]

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