Bye-bye Yang: Bing’s search partner Yahoo! announces the resignation of its co-founder, former CEO and board member

Bing’s search partner Yahoo! co-founder Jerry Yang, former CEO (from June 2007 to January 2009) and board member resigned from the company’s board of directors and from all executive positions starting on Tuesday January 17, 2012, as per press release by Yahoo.

As one of the top Asian executives during the early day of Internet business, Yang co-founded Yahoo! with David Filo in 1995 while both were students at Palo Alto-based Stanford University.  After 17 years with the search engine pioneer company, Yang is severing all ties with the Silicon Valley-based company.  Yahoo went public in 1996.

Bing’s Search Alliance recently appointed former PayPal’s President Scott Thompson as the new Chief Executive Officer.  Just few weeks before 2011 Christmas, several shareholders have asked Yang to resign due to conflict of interest of Yang being member of Yahoo's board of directors.  At the same time, tech watchers rumored that Yang was trying to become the connector with other investors who were interested to take the company private.