ZDNet UK / News and Analysis / Business of IT / Jobs

Yahoo names PayPal's Scott Thompson as CEO

By Stephen Shankland, CNET News, 4 January, 2012 15:26

Daily Newsletters

Sign up to ZDNet UK's daily newsletter.

Topics

Yahoo, Carol Bartz, Scott Thompson, Roy Bostock, PayPal

NEWS

Yahoo has announced that PayPal president Scott Thompson will become its new chief executive and a board member starting on Monday.

Scott Thompson

Yahoo has appointed Scott Thompson its new chief executive. Photo credit: PayPal

"Scott brings to Yahoo a proven record of building on a solid foundation of existing assets and resources to reignite innovation and drive growth, precisely the formula we need at Yahoo," chairman Roy Bostock said in a statement on Wednesday.

All Things Digital's Kara Swisher first reported the news on Tuesday, pointing out that Thompson recently 'liked' Yahoo on his Facebook page. Yahoo has been searching for a new chief executive and future direction since the company's board fired Carol Bartz last September. Bartz called the board "doofuses" afterward but also took home about $10m (£6.4m) in severance pay.

For more on this ZDNet UK-selected story, see Yahoo names PayPal's Thompson as new CEO on CNET News.

Get the latest technology news and analysis, blogs and reviews delivered directly to your inbox with ZDNet UK's newsletters.

Related stories

Report: Microsoft signs up to peek into Yahoo's books

Yahoo datacentre boss moves to Apple

Yahoo reports on-track earnings in third quarter

Report: Microsoft mulls bid for Yahoo

Leaked email hints at Yahoo sale

Post your comment

In order to post a comment you need to be registered and logged in.

You can also log in with Facebook. Log in or create your ZDNet UK account below

  • Login

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy. Questions about membership? Find the answers in the Community FAQ

Get ZDNet UK's daily newsletter

Enter your email address to sign up

ZDNet UK Live

Roberto_Store

Now On Sale, Unlocked iPhone 4S / Galaxy Note In Factory Box. Roberto-Techie(UK) ”Now on Sales” Smartphone, Android,Tablets,Gadget &...

1 hour ago by Roberto_Store on Samsung Galaxy S III lined up for sale
Paul Smyth

Is this classic FUD? One thing I would definitely have notice is a Mozilla threat to stop supporting GNU/Linux.

3 hours ago by Paul Smyth via Facebook on Firefox rapid release improves Fedora Linux
UnderINK

I agree with the previous commenter wholeheartedly. I couldn't say it better myself. This is very 'Big Brother'. And while I agree with protecting...

7 hours ago by UnderINK on European e-identity plan to be unveiled this month
Simon Bisson and Mary Branscombe

Nice to see that Turing's idea of a general purpose computer doing once-hardware-powered tasks in software is now universal ;-) Mary

13 hours ago by Simon Bisson and Mary Branscombe on Software with everything
Jason Burchell

seriously now. I've only bothered to read a small bit of the comments. do me and the rest of the world a favour. stop saying it does not work or...

17 hours ago by Jason Burchell via Facebook on Music industry negotiating over 24-bit downloads
Philip Charles Cohen

Read about it and weep, John Donahoe ... In addition to Visa’s V.me, there is now MasterCard’s PayPass digital wallet soon to arrive; another...

21 hours ago by Philip Charles Cohen via Facebook on PayPal takes phone-based payments to the high street
apexwm

Leslie Satenstein : Where have you ever seen Mozilla even mention this? Firefox is the most popular browser in the GNU/Linux OS, so I don't see...

21 hours ago by apexwm on Firefox rapid release improves Fedora Linux
songmaster

SHleG: Do you remember building a clockwork scorpion kit (I'm pretty sure I have a photo of it somewhere) — I think it was called something like...

23 hours ago by songmaster on Software with everything
Chris Wortman

Good I love Yahoo! Their search engine is getting better than Google as of late. I find more of what I want on the first page, and usually within...

24 hours ago by Chris Wortman via Facebook on Linux Mint 13 ramps up for KDE release
PatrickG

openhgs has made the point for Windows 8 multiple monitors without realising it! With Windows 7 you have to switch the mouse and so your focus...

1 day ago by PatrickG on Windows 8 could speed multi-monitor uptake
Leslie Satenstein

Mozilla has threatened to stop supporting Linux. I guess that UBUNTU is going with another browser. I indicated that if Mozilla stops supporting...

1 day ago by Leslie Satenstein via Facebook on Firefox rapid release improves Fedora Linux
Andy Bolstridge

Much as I abhor Microsoft's licensing practices, this is almost certainly down to purchasing IT equipment via 3rd party consultants - you get the...

1 day ago by Andy Bolstridge via Facebook on 6 million wasted licences and £1,200 PCs: welcome to government IT
Jack Schofield

@openhgs Windows users have had multiple desktops since Linus started writing Linux. They just haven't shipped as standard because not enough...

2 days ago by Jack Schofield on Windows 8 could speed multi-monitor uptake
Jack Schofield

@Phil at Cloud4 What, Microsoft gets £1,200 per PC and £1,622 per server? Gosh, I'm amazed....

2 days ago by Jack Schofield on 6 million wasted licences and £1,200 PCs: welcome to government IT
craigsc

You guys have no idea what is going on at Autonomy. Autonomy could have been a much more profitable organization. The sales operations at Autonomy...

2 days ago by craigsc on HP cuts 27,000 staff as Autonomy chief Lynch leaves
Moley

How does this impact on dual or multi booting? Seems to me to more or less prohibit this, from Windows 8 anyway. Will Grub 2 recognise Windows 8,...

2 days ago by Moley on Windows 8 start-up speed forces USB boot workaround
apexwm

I don't understand why there cannot be a slight pause during the boot process so the user can press a key. Many operating systems do this, even if...

2 days ago by apexwm on Windows 8 start-up speed forces USB boot workaround
Gavin Goodman

You can now buy the Xi3 modular computer in the UK at http://www.ocdistribution.com . This can be bought with the Tand3m software, pricing and...

2 days ago by Gavin Goodman on CES 2012: Xi3 microSERV3R
Phil at Cloud4

I agree: Mike Lynch can clearly build a business and manage strategy. I suspect the exit of Mike is more likely the end of a planned handover...

2 days ago by Phil at Cloud4 on HP cuts 27,000 staff as Autonomy chief Lynch leaves
Phil at Cloud4

This is unbeleivable government wastage with only one winner... Microsoft 1 - Tax payer Nil!

2 days ago by Phil at Cloud4 on 6 million wasted licences and £1,200 PCs: welcome to government IT

Latest in Jobs

Yahoo ousts CEO Thompson after CV furore

Yahoo to probe claims CEO lied about CompSci degree

Microsoft snaps up Yahoo staff for research lab

Featured white papers

Email archiving: Should you choose SaaS?

Proofpoint

Email archiving: Should you choose SaaS?

This Proofpoint white paper looks at how using software-as-a-service offerings can be beneficial -- or not -- for archived... Read more

Six ways to make cloud work

Phoenix

Six ways to make cloud work

How can your business be sure that the cloud will give you the security and resilience your business needs? This six-point plan offers advice for growing... Read more

Using hybrid security to manage web threats

Blue Coat Systems

Using hybrid security to manage web threats

Should large organisations opt for on-premise security gateways or simply offload web threat management to the... Read more

Inside ZDNet UK

Indoor navigation coming to a mobile near you soon

Indoor navigation coming to a mobile near you soon

Software with everything

Software with everything

Asus Transformer Pad TF300T

Asus Transformer Pad TF300T

How IT is ganging up on organised cybercrime

How IT is ganging up on organised cybercrime

HTC One V: First take

HTC One V: First take

SharePoint deployment: The final chapter

SharePoint deployment: The final chapter

Ten IT jobs to save up for those rare lulls

Ten IT jobs to save up for those rare lulls