wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

Yahoo Hires PayPal President Scott Thompson as CEO

Four months after firing Carol Bartz, Yahoo has appointed Scott Thompson as its new Chief Executive Officer, effective January 9, 2012. Thompson, who was previously President of Paypal has also been appointed to the Company’s Board of Directors. Thompson inherits what appears to be one of the toughest jobs in the Internet industry – not that of running Yahoo, but of keeping its board and the press happy. Yahoo is viewed as a company on the decline, and from the conference call that Yahoo held, Thompson didn’t appear to say much, except reiterate what Carol Bartz used to say – build a company that is both about technology and media, and focus on increasing user engagement.

While it is too early to tell what Thompson plans to do, and indeed, it will be too early to tell during the companys next earnings call, due in a couple of weeks, he should know that unless there is perceptible change in the stock price and revenues going forward, the revolving door will revolve again. What we don’t know is whether he has been brought in to dress the company up for a sale – Alibaba’s Jack Ma has been fairly vocal about his intent to buy Yahoo and turn it around. Any specific plans should probably be known in a few months, especially after Thompson visits Yahoo offices across the globe, to get a sense of what is going on. India apparently has been at the forefront of experimentation, with products rolled out here before they were rolled out globally. There are plans for language portals in India too, and it’s unlikely there will be an immediate impact on the Indian operations.

With Thompson taking over, Tim Morse returns to his CFO role. The boilerplate profile of Thompson, from Yahoo:

“Scott Thompson has a record of deep industry experience, having most recently served as President of PayPal with overall responsibility for establishing that company as the leading global online payment service. He previously served as PayPal’s Senior Vice President and Chief Technology Officer. Prior to PayPal, Mr. Thompson was Executive Vice President of technology solutions at Inovant, a subsidiary of Visa formed to oversee global technology for the organization. Thompson was also Chief Information Officer of Barclays Global Investors, where he implemented a new strategic technology platform and global infrastructure. In addition, he worked with Coopers and Lybrand, delivering information technology solutions to leading financial services clients.”

Advertisement. Scroll to continue reading.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ