January 17, 2012 10:08 pm EDT

Yahoo's Jerry Yang quits the company he co-founded, walks away from Alibaba as well

The long, drawn-out, oftentimes melodramatic saga revolving around Yahoo itself and co-founder Jerry Yang is well-documented. Perhaps too well. Thankfully for us all, that ends today. As of January 17th, he has resigned from Yahoo's Board of Directors and all other positions with the company, and moreover, has resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited. We most recently heard from Yang during his interview at AsiaD, where he sounded none too pleased about the going-ons there. We aren't about to draw links of Yang's exit to the hiring of Scott Thompson as CEO (in fact, Yang praises him in his exit blurb), but we are drawing links to his sudden purchase of a yacht, a new sauna and a round-the-round journey courtesy of Abercrombie & Kent. Kidding. In all seriousness, it's no surprise to see Yahoo's stock rallying, as many felt that Yang was the major roadblock holding up an outright sale or other significant shake-up within its ranks. As for Jerry? He's off to "pursue other interests" -- but we didn't need to tell you that, now did we?

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