Yahoo co-founder Jerry Yang resigns from company

msnbc.com/ By Michael Liedtke

SAN FRANCISCO — Yahoo co-founder Jerry Yang is leaving the struggling company.

The surprise departure, announced Tuesday, comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thomson as its CEO.

Yang expressed his support of Thompson in his resignation from Yahoo's board of directors. He had been on Yahoo's board since the company's 1995 inception.

Yang is also stepping down from the boards of China's Alibaba Group and Yahoo Japan. Yahoo is negotiating to sell its stakes in both companies. More >>