Yahoo Appoints New CEO

Posted by Knowlton Thomas on 2012-01-04 8:36:00 AM

Beleaguered tech company Yahoo has finally appointed a new CEO. Scott Thompson, formerly president of eBay's PayPal, will become the chief executive officer and a board member as well.

His role will be effective January 9th, ending Tim Morse's stint, who will return to his position as chief financial officer. Yahoo Chairma Roy Bostock has stated that Scott's core focus will be to continue its "strategic review process"—in other words, figure out what the hell the company actually is and how it can return to its pre-recession glory days.

Carol Bartz was ousted as CEO in September after the company went on a lengthy tumble. However, despite her shortcomings, she pocketed a tidy $10 million severance payout. Yahoo's stock is down slightly on the day.

Company:
Yahoo! Inc
Website:
http://yahoo.com
Location:
Sunnyvale, California, United States

Founded in 1994 by Stanford Ph.D. students David Filo and Jerry Yang, Yahoo! began as a hobby and has evolved into a leading global brand that has changed the way people communicate with each other, conduct transactions and access, share, and create information. Today, led by an executive team that includes CEO and Chief Yahoo Jerry Yang, President Susan Decker, Chief Financial Officer Blake Jorgensen, and... more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the Associate Editor of Techvibes. A Vancouver-based writer and author, Knowlton has been published in national publications and has also appeared on television and radio. He has written two ebooks and more are in the works. Previously, he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing... more

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