Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Yahoo names PayPal's Scott Thompson as new CEO

    By Geoff Duncan | Digital Trends – Wed, Jan 4, 2012

    Yahoo has announced that it has named PayPal chief Scott Thompson as its new Chief Executive Officer, effective January 9, at which point interim CEO Tim Morse will return to his previous duties as Chief Financial Officer. Thompson has served as the president of eBay’s PayPal division since January 2008; before that, he was a PayPal senior vice president and chief technology officer. In addition to the Yahoo CEO job, he’ll also get a seat on the Yahoo board.

    “Scott brings to Yahoo a proven record of building on a solid foundation of existing assets and resources to reignite innovation and drive growth, precisely the formula we need,” said Yahoo chairman Roy Bostock, in a statement. “His deep understanding of online businesses combined with his team building and operational capabilities will restore the energy, focus, and momentum necessary to grow the core business and deliver increased value for our shareholders.”

    “We are all grateful to Tim Morse for leading the company with a steady hand during the last several months,” Bostock also noted.

    Yahoo says Thompson’s initial focus will be on Yahoo’s core business, with the first order of business to continue the strategic review process wherein Yahoo has been looking at various possibilities for streamlining the company, including “>Alibaba.

    Yahoo has been without a permanent CEO since September when it summarily fired Carol Bartz; Thompson will mark Yahoo’s fourth CEO in the short span of five years as the once-mighty Internet company struggles to retool its services in the wake of the social networking and mobile revolutions.

    Thompson certainly has his work cut out for him. Although Yahoo boasts more than 700 million users—making it one of the most highly-trafficked services on the Internet—the company’s stock has essentially flatlined since Microsoft’s abortive hostile takeover attempt back in 2008. Yahoo executed a search deal with Microsoft that has Bing powering the back end of Yahoo’s Web search service, but while the company has some enormous properties in things like Yahoo Mail, Yahoo Messenger, and Flickr—and Yahoo’s news and finance services have large user bases—the company has generally failed to capitalize on social networking and mobile technologies and scattered its efforts across a wide range of smaller offerings, many of which it has since shut down.

    Yahoo has also been steadily losing ground in Internet advertising to the likes of Google, Facebook, and Microsoft. Former CEO Carol Bartz was criticized for not having a background in online advertising; Thompson doesn’t either, being primarily a technologist with little experience in advertising or media. Thompson says one of his first orders of business will be meeting with sales teams and regional leaders to get a clearer understanding of what publishers and advertisers want from Yahoo. He also promises to work closely with product teams to ramp up on Yahoo’s products and services.

    This article was originally posted on Digital Trends

    More from Digital Trends

    PayPal terminates partnership with Alibaba

    Comscore: Bing almost even with Yahoo in search rankings

    PayPal freezes Regretsy’s donations for needy children

    PayPal will debut in brick-and-mortar shops

     

    4 comments

    • AGR
      AGR  •  Houston, Texas  •  4 mths ago
      Words of advice fire all off your columnist and get some real journalist I about ready to be done with yahoo.
    • Armando
      Armando  •  Surfside, California  •  4 mths ago
      2.9% on paypal fees that is a little steep.
    • First L
      First L  •  4 mths ago
      Couple things... 1, the Kardashian overflow of news is a bit much and 2, your paypal fees are RIDICULOUS!!! If I don't sell something for AT LEAST a dollar, I don't make SQUAT due to the 2.9% + .30 cents.. Thanks and have a great day.
    • Cher Alike
      Cher Alike  •  Phoenix, Arizona  •  4 mths ago
      Wait until people get wind of this YAHOO - Bad Decision and I don't care what your board thought of him his association with paypal/ebay brings down the neighbor and usher in skepticism by the masses who have suffer great loss at the hands of his former employers.

      Don't get to comfy with that "PAY", "PAL" bailing does not look good ones resume
     Post a comment
    [ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [['did not go as far his colleague', 8]], '29438204', '0' ], [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]

    News For You

    Loading...