04 Jan '12, 1pm

PayPal President Likely To Become New Yahoo CEO

PayPal President Likely To Become New Yahoo CEO

AllThingsD reported late yesterday that PayPal president Scott Thompson will likely be named CEO of Yahoo. So far there has been no independent confirmation of this. AllThingD’s Kara Swisher said that a formal announcement could come as early as this morning. Assuming the accuracy of the report Yahoo is choosing a leader with a deeper technology and product background than prior CEO Carol Bartz who was abruptly terminated last September. In the interim Yahoo CFO Tim Morse has been serving as CEO. Not going to sell itself now There had been an expectation that Yahoo was going to sell itself or a significant minority stake to a private equity buyer or another company (perhaps even Microsoft). However the anticipated appointment of Thompson would seem to contradict that scenario now. Thompson was PayPal’s CTO prior to being named president. Before that he worked for a technol...

Full article: http://searchengineland.com/paypal-president-likely-to-be...

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