Yahoo co-founder, former CEO Jerry Yang resigns from board and "all other positions"

Yahoo announces that Jerry Yang has resigned from the internet company's Board of Directors "and all other positions with the company, effective today." Yang has also resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today. Yahoo's official statement is here.

Photo: Co-founder and former CEO of Yahoo! Inc. Jerry Yang applauds during the announcement of a commitment pledge at the Clinton Global Initiative in New York September 22, 2010. (REUTERS)

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