Yahoo names Scott Thomson - PayPal executive as CEO

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Uploaded by on Jan 4, 2012

Yahoo Inc has named Scott Thompson, president of eBay Inc's PayPal division, as its new CEO.
The struggling Internet company has been without a permanent CEO since early September. It fired Carol Bartz after losing patience with her attempts to turn around the company during her 2 1/2 years on the job. Tim Morse, Yahoo's chief financial officer, has been interim CEO since Bartz's ouster.
Sunnyvale, California-based Yahoo says Thompson's new job starts on January 9. Morse will return to his CFO job.

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