On Tuesday, January 17, 2012 Yahoo! Inc announced that that Jerry Yang has resigned from its Board of Directors and all other positions with the company, effective today. In addition, Yang resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today.
In a letter to the Yahoo! Board Chairman Roy Bostock, Yang wrote:
“My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. 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 co-founded Yahoo! Inc. in 1995 with David Filo and served as a member of the Board of Directors since March 1995 and as Chief Executive Officer from June 2007 to January 2009. The Company went public in 1996.
“Jerry Yang is a visionary and a pioneer, who has contributed enormously to Yahoo! during his many years of service,” said Roy Bostock, Chairman of the Yahoo! Board. “It has been a pleasure to work with Jerry. His unique strategic insights have been invaluable. He has always remained focused on the best interests of Yahoo!’s stakeholders, including shareholders, employees and more than 700 million users. And while I and the entire Board respect his decision, we will miss his remarkable perspective, vision and wise counsel. On behalf of the Board, we thank Jerry and wish him all the very best in his future endeavors.”
Bostock concluded, “We appreciate Jerry’s comments and share his enthusiasm for the company’s prospects. With Scott Thompson leading an outstanding team of Yahoos to deliver innovative products and an engaging customer experience, Yahoo!’s future is bright.”
“I am grateful for the warm welcome and support Jerry provided me during my early days here,” said Scott Thompson, Yahoo!’s Chief Executive Officer. “Jerry leaves behind a legacy of innovation and customer focus for this iconic brand, having shaped our culture by fostering a spirit of innovation that began 17 years ago and continues to grow even stronger today. Jerry has great confidence in the future of Yahoo!, and I share his confidence in the enormous potential of Yahoo! in the days ahead.”
Born in Taipei, Taiwan on November 6, 1968, Yang moved to San Jose, California at the age of ten with his mother and younger brother. His father died when Yang was two. He claimed that despite his mother being an English teacher, he only knew one English word (shoe) on his arrival. Becoming fluent in three years, he was placed into an AP English class.
Yang graduated from Sierramont Middle School and Piedmont Hills High School. Yang went on to earn a Bachelor of Science and a Master of Science in electrical engineering from Stanford University, where he was a member of Phi Kappa Psi fraternity.
While Yang studied in Electrical Engineering at Stanford, he co-created in April 1994 with David Filo an Internet website called “Jerry and Dave’s Guide to the World Wide Web” consisting of a directory of other websites. It was renamed “Yahoo!” (an exclamation). Yahoo! became very popular, and Yang and Filo realized the business potential and co-founded Yahoo! Inc. in April 1995. They took leaves of absence and postponed their doctoral programs indefinitely.
Yahoo! is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!’s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.net) or the company’s blog, Yodel Anecdotal (yodel.yahoo.com).
Yahoo! is the trademark and/or registered trademark of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.
Source: Yahoo! Inc., Wikipedia & BUSINESS WIRE
Diversity News Magazine Year in Review: Top 11 Stories of 2011 were selected in the following categories: Hits/Views, Tweets, Comments, News makers marketing, and some staff selection.
1. A politician the gets little bit Naughty by playing with himself on social media like Twitter gets in big trouble.
Anthony Weiner Twitter Scandal Is Not Going Away; New Photos Revealed.
2. The story the opened many people eyes and found out how Fishy and nasty is this guy who claims he is Jesus.
Self-promoter David Harrison Levi and Followers Apparently Escorted Out by Security in Hollywood.
3. Miss California USA 2011, Alyssa Campanella, is the winner of the 2011 MISS USA® Competition.
Miss California USA 2011, Alyssa Campanella, Wins the 2011 Miss USA Pageant
4. The recording artist wondering and trying to be a good citizen gets busted at criminal dirty bar in West Hollywood.
Breaking News: Recording Artist Arnold G Stabbed with a Knife by Gold Coast Bar Patron in West Hollywood
I-405 Mulholland Drive Bridge Demolition & Countdown to the Closure
Facebook Response On Porn Photos and Sexual Videos Appearing on Wall
Christine Devine recipient of the 63rd LA Area Governors Award & NBC4 Tops 63rd Annual Los Angeles Area Emmys
BREAKING NEWS: High Winds; Southern California Power Outage Update
The 19th Annual ESPYs Awards 2011 Complete Winners List
12th Annual Latin GRAMMY Awards Returns to Las Vegas & Air on Univision Network
Boo Boo Stewart from The Twilight Saga: Breaking Dawn I Receives Rising Star Award
BREAKING NEWS: Apple CEO Steve Jobs Resignation Letter
And finally we want to share some data of whom are our loyal readers.
The DEMOGRAPHICS are:
Age: Young Adults
12% Under 18
Ethnicity: Other Ethnicities
11% Afr. Am.
There are more visitors of other ethnicities here than average.
Children in Household: No Kids In Household
64% No Kids
36% Has Kids
Household Income: Less Affluent
This site attracts a less affluent audience.
Education Level: College Graduates
35% No College
16% Grad. Sch.
There is a high index of College Graduates here.
Now you have it all, you have spoken and the above list is the results of your preferences.
Remember for us to keep covering and publishing we need your support, by advertising your services, products, events and brand names. Please contact: email@example.com for our media kit or prices. Thank you for your support and business.
Once again congratulations to everyone who made it to the Top 11 Stories of 2011 on Diversity News Magazine, the #1 online and consumer news magazine published by Diversity News Publications. Let’s see who will be in the Top 12 Stories of 2012. The clock will start ticking on January 1, 2012 and run through the last week of December 31, 2012.
Source: Google Analytics, Go Daddy, Alexa, Quantcast.
Letter from Steve Jobs
CUPERTINO, Calif.–August 24, 2011–To the Apple Board of Directors and the Apple Community:
I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.
I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.
As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.
I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.
I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.
About Steve Jobs:
Steven Paul ”Steve“ Jobs (born February 24, 1955) is an American business magnate and inventor. He is the co-founder and former chief executive officer of Apple Inc. Jobs also previously served as chief executive of Pixar Animation Studios; he became a member of the board of directors of The Walt Disney Company in 2006, following the acquisition of Pixar by Disney. He was credited in the 1995 movie Toy Story as an executive producer.
In the late 1970s, Jobs, with Apple co-founder Steve Wozniak, Mike Markkula, and others, designed, developed, and marketed one of the first commercially successful lines of personal computers, the Apple II series. In the early 1980s, Jobs was among the first to see the commercial potential of the mouse-driven graphical user interface which led to the creation of theMacintosh. After losing a power struggle with the board of directors in 1984, Jobs resigned from Apple and founded NeXT, a computer platform development company specializing in the higher education and business markets. Apple’s subsequent 1996 buyout of NeXT brought Jobs back to the company he co-founded, and he has served as its CEO since 1997. In 1986, he acquired the computer graphics division of Lucasfilm Ltd which was spun off as Pixar Animation Studios. He remained CEO and majority shareholder at 50.1% until its acquisition by The Walt Disney company in 2006. Consequently Jobs became Disney’s largest individual shareholder at 7% and a member of Disney’s Board of Directors.
Jobs’ history in business has contributed much to the symbolic image of the idiosyncratic, individualistic Silicon Valley entrepreneur, emphasizing the importance of design and understanding the crucial role aesthetics play in public appeal. His work driving forward the development of products that are both functional and elegant has earned him a devoted following.
Sources: Business Wire, Wikipedia
Photo credit to: Apple.com