Wall Street Journal:

Yahoo Inc. said its co-founder Jerry Yang has resigned from its board of directors, severing all ties with the Internet company he founded about 17 years ago.

It’s worth underscoring that Yang has severed “all ties” with the company, resigning also from the boards of Yahoo Japan Corp. and Alibaba Group Holdings Ltd. as well.

Yahoo is in the midst of a significant transition; two weeks ago they hired a new CEO following Carol Bartz’s unceremonial departure last year. Yang has been criticized in the past for not selling Yahoo to Microsoft for $45 billion. Since then and following Bartz’s hiring in 2009, Yang’s visibility at Yahoo has decreased dramatically. His last position was “Chief Yahoo.”