Should Jerry Yang leave Yahoo, or Buy Yahoo?

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Matthew Ingram at GigaOm has a great article about what he thinks Yahoo! should be doing. Namely, founder Jerry Yang could get behind his own private equity buyout of Yahoo!. The commentary in the comments section seems to lean on Yang’s need to bring a visionary onboard with a number 2 financial operative and kick some life into the company.

Or, Yang should jump ship, and set about becoming a mentor to entrepreneurs.

What’s your take? Here’s a carving out of some of Ingram’s pretty astute points:

But is there a case to be made for Yahoo remaining a standalone company? Possibly. Yangsays that he believes Yahoo is “the premier digital media company” — which seems like a bit of a stretch when you look at other potential bidders for that title, such as Apple and Amazon. But at least it’s a relatively straightforward and quantifiable goal, as opposed to some of the other ways in which Yahoo has defined itself over the years, which have been all over the map strategy-wise. What if Yang had the ability to focus more clearly on that goal and streamline the company to achieve it?