Jerry Yang Joins Lenovo Board as “Observer”

Jerry Yang, who co-founded Yahoo Inc. and resigned last year from the Internet company’s board, has landed a plum position with Chinese computer maker Lenovo Group Ltd. making nearly $200,000 in equity and cash.

Lenovo said Wednesday that Mr. Yang would be an “observer” of the company’s board, but wouldn’t have any voting rights or exercise any other rights of a director. His primary role will be to attend board meetings and provide his views, the company said.

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