Yahoo Taps PayPal Executive As New CEO

BY: 

Dave Forde
January 4, 2012

Yahoo has appointed Scott Thompson as its new CEO, replacing Carol Bartz who was fired back in September of 2011, as a temporary situation the company placed Tim Morse, Yahoo’s chief Financial Officer in the role.  Previously Scott was the President of Ebay’s PayPal division.

Yahoo has struggled over the last few years with an identity crisis which has had an impact on all facets of the company and has no doubt left a trail of confusion in Canada.  Over the last six months there has been quite a bit of speculation and rumours as to the future of Yahoo including the possible sale to two private equity firms, Silver Lake and TPG Capital, which did not receive applause from shareholder to the the low bidding price.  Most recently rumours  surfaced that  Yahoo was close to selling most of its holdings in China and Japan in a proposed deal valued at about $17-billion.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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