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Yahoo Names PayPal Executive New CEO

Posted by Unknown on from the closing-geocities-was-a-mistake dept.

Diggester writes "Yahoo Inc said on Wednesday it has appointed Scott Thompson as its chief executive, effective from January 9, replacing interim CEO Tim Morse who will resume his role as chief financial officer. Thompson, who was previously president of PayPal, a unit of eBay Inc, will also join Yahoo's board. Yahoo Chairman Roy Bostock said Thompson's primary focus will be on the core business as the company continues its strategic review process. Yahoo has been in discussions about selling off its Asian assets for some weeks."

5 of 45 comments (clear)

  1. Oh Boy by ColdWetDog · · Score: 4, Funny

    We just got finished pillorying Pay Pal (again).

    Now we can go after Pay Pal AND Yahoo!

    2012 is looking up!

    --
    Faster! Faster! Faster would be better!
  2. Buyer ordered to destory Yahoo by KPU · · Score: 5, Funny

    In related news, Yahoo was sold through Paypal. The buyer claimed Yahoo is defective and asked for a refund. Paypal then ordered the buyer to destroy Yahoo.

    1. Re:Buyer ordered to destory Yahoo by Anonymous Coward · · Score: 3, Funny

      I liked Scott Thompson way better when he was a running faggot.

  3. Re:Signs of death by phantomfive · · Score: 3, Funny

    Yahoo makes a ton of money from their e-commerce, which isn't always publicly visible, so you may not have noticed. It's a strong company with decent fundamentals, and reasonable potential.

    It is also an example of what happens when the CxO group decides to bash on their company with sledgehammers. Or when Corporate Raiders attempt to 'help' things. It's a company that's being destroyed from the top, and all the quality engineers are leaving out the sides (or rather, have left).

    --
    "First they came for the slanderers and i said nothing."
  4. Oh, crap by Minwee · · Score: 3, Funny

    Quick, hide the violins.