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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."

4 of 45 comments (clear)

  1. Signs of death by phantomfive · · Score: 4, Insightful

    Thompson, who was previously president of PayPal

    I can't imagine how the past president of PayPal, a company known for screwing its customers, could possibly be a good thing for Yahoo.

    Yahoo has been in discussions about selling off its Asian assets for some weeks.

    Great, all you hear from Yahoo lately is "let's sell things off." When was the last time you heard them talk about creating a new product? These are signs of death.

    --
    "First they came for the slanderers and i said nothing."
    1. Re:Signs of death by drinkypoo · · Score: 4, Insightful

      I can't imagine how the past president of PayPal, a company known for screwing its customers, could possibly be a good thing for Yahoo.

      Yahoo is basically some fora, crappy free email, and lousy imagehosting strapped onto the side of Bing. It's a front for Microsoft, much like Netflix (which only started using Silverlight after a board seat at Microsoft was secured.) I'd say this fits in nicely with where things were going anyway. When they announced they would be powered by Bing I knew it was all over and that they had lost their last reason to exist.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  2. how??? by sribe · · Score: 4, Insightful

    This would require that: a) Yahoo have a core business and b) Yahoo know what that business is.

    1. Re:how??? by jmkaza · · Score: 3, Insightful

      Yahoo is an online services company, they just haven't figured it out yet. When Terry Semel came on board, he thought Yahoo was a content company, and worked hard with his Hollywood background to build that out. When he failed, Carol Bartz came on board with the idea that Yahoo was an advertising platform, and worked with Microsoft to expand that offering. Without a vision of how Yahoo can provide better online services to it's end users, no CEO will be successful.