This Professor Will Be A Distinguished Yahoo

Tue., Feb. 18, 1997

Associated Press

The founders of Yahoo! are the youngest people to endow a chair at Stanford University, a $2 million thank you to the school where they developed the idea that made them rich.

Jerry Yang, 28, and David Filo, 30, are worth about $140 million each as a result of their Internet directory company, which went public last spring. Despite their youth they decided it was time to give something back.

“We’re still very young; we have a lot of time ahead of us,” Yang said. “But we had the fortune to succeed with what we love. We feel it’s part of our mandate to foster that next generation.”

The chair endowed by Filo and Yang is called the Yahoo! Founders Professor of the Stanford School of Engineering. Stanford trustees approved the name.

“We were delighted to have the ‘Yahoo!’ in the name,” said Laura Breyfogle, spokeswoman for the School of Engineering.

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This Professor Will Be A Distinguished Yahoo

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