Just one week into the new year of 2012, Bing’s search alliance partner hired former PayPal president Scott Thompson as its new CEO. Then, three weeks ago Yahoo’s co-founder Jerry Yang quitted his job from the board and severed his ties with the search engine pioneer. The Stanford University alumni later said that he wanted to pursue other business interests.
Today, Tuesday February 7, 2012, Yahoo Chairman Roy Bostock and three old-timers of the company are quitting their jobs. Bostock announced the management shake-up in a letter to shareholders as he wrote ". . . Mr. Joshi, Mr. Kern, Mr. Wilson and I [Bostock] have volunteered not to stand for re-election at the next shareholders' meeting."
The latest management shake-up for the Silicon Valley-based company could jeopardize the future of Search Alliance as Bing and Yahoo had signed a 10-year global agreement in July 2009. The new team of leadership could also threaten its current negotiations with several big pockets investors who are interested to buy Yahoo Asian assets. Those assets include Yahoo Japan and Alibaba.com web auction site in China.