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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Iconic Yahoo billboard taken down via the Associated Press reports that Yahoo's "iconic" billboard has been taken down after 12 years of standing tall and proud on the highway as you approached the Bay Bridge. The billboard space is managed by Clear Channel and currently is being offered at an extremely low rate of $65,000 per month. Yahoo, who has not been seeing that much growth over the recent years, said they are looking for "new and innovative ways" to advertise and market themselves. Removing the classic billboard is just one more symbolic nail in the coffin for Yahoo. For more [...]

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Yahoo held its second now annual "Product Runway" event, mc'd by product chief Blake Irving. Irving was assisted by some younger executives from companies that Yahoo had acquired in the recent past. There were four announcements, lead by the formal unveiling of Livestand, Yahoo's long-promised tablet news reader application. It competes with Flipboard, CNN's Zite, AOL Editions, Taptu, Pulse and others. Here is a quick summary of the four announcements: Livestand: Described as a "personalized living magazine," it's a mix of Yahoo's own content and third party content. There will b [...]

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According to stories that ran on Friday and Sunday in the Wall Street Journal, both Microsoft and Google are potentially going to bid for Yahoo. Various unnamed sources and "people speaking on condition of anonymity" told the WSJ that Microsoft is planning to act as source of financing for others in exchange for preferred stock and some "influence" over Yahoo's future: Microsoft Corp. may help to bankroll a potential joint bid for Yahoo by extending loans to its deal partners and buying preferred stock in Yahoo . . . The software giant has been in discussions about a potential joint proposal [...]

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