04 Jan '12, 4pm

Yahoo Hires New CEO

After a four-month search, Yahoo has finally filled the corner office. Its choice, former PayPal president Scott Thompson, brings a pedigree of senior executive roles in the financial and technology industries. Yahoo credits Thompson with doubling PayPal's active user base from 50 million to 104 million. Prior to that job, he held top management jobs with Visa subsidiary Inovant, Barclays Global Investors, and Coopers & Lybrand, each providing IT services to financial clients. That at first might seem an odd pedigree for a person running an online media giant - not to mention uncomfortably similar to his predecessor Carol Bartz's own tech, rather than media, industry background. However, Yahoo's primary focus right now is its ongoing strategic review - which could result in a sale of the company in part or whole. What the company needs now, to its board's way of thinking, ...

Full article: http://searchenginewatch.com/article/2135287/Yahoo-Hires-...

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