Scott Thompson, Yahoo's new CEO
Finally after 4 months without leader, Yahoo selected Scott Thomson to take over the crown of its CEO. The move to appoint an outsider is taken even when the maximum pressure from shareholders was on selling the company.
Scott Thompson is not a new face as people already know him as past president of eBay’s subsidiary PayPal. The appointment of Scott is going to be finalized on 9th day of January 2012. It is important to note that last September the then CEO of Yahoo Carol Bartz was fired unceremoniously by the board of company via phone.
Now after the new joining all eyes are on the fate of Yahoo who already is facing hard time and is on the verge of sale. The shares of the company on Wednesday still reported closure with a downfall of 3.1%.
An important question that is still unanswered, is Yahoo going to sell itself? For this people have to wait a bit as the new CEO is not ready to comment on the issue. But with reports of Google preparing to buy Yahoo last October and Miscrosoft also offering a good amount to take over the hold, it’s time to wait and watch.
Good luck Scott and let’s hope the best for Yahoo!
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