Forgot your password?
typodupeerror
Yahoo! Businesses

Yahoo Names PayPal Executive New CEO 45

Posted by Unknown Lamer
from the closing-geocities-was-a-mistake dept.
Diggester writes "Yahoo Inc said on Wednesday it has appointed Scott Thompson as its chief executive, effective from January 9, replacing interim CEO Tim Morse who will resume his role as chief financial officer. Thompson, who was previously president of PayPal, a unit of eBay Inc, will also join Yahoo's board. Yahoo Chairman Roy Bostock said Thompson's primary focus will be on the core business as the company continues its strategic review process. Yahoo has been in discussions about selling off its Asian assets for some weeks."
This discussion has been archived. No new comments can be posted.

Yahoo Names PayPal Executive New CEO

Comments Filter:
  • Oh Boy (Score:5, Funny)

    by ColdWetDog (752185) on Wednesday January 04, 2012 @01:23PM (#38586484) Homepage

    We just got finished pillorying Pay Pal (again).

    Now we can go after Pay Pal AND Yahoo!

    2012 is looking up!

  • I don't think this technique is doing yahoo any bit of good.
    • by Grishnakh (216268)

      It sure as hell hasn't done HP any good; you'd think other companies would learn from HP's string of blunders, but apparently not.

  • Signs of death (Score:5, Insightful)

    by phantomfive (622387) on Wednesday January 04, 2012 @01:25PM (#38586516) Journal

    Thompson, who was previously president of PayPal

    I can't imagine how the past president of PayPal, a company known for screwing its customers, could possibly be a good thing for Yahoo.

    Yahoo has been in discussions about selling off its Asian assets for some weeks.

    Great, all you hear from Yahoo lately is "let's sell things off." When was the last time you heard them talk about creating a new product? These are signs of death.

    • by Synerg1y (2169962)

      In their defense, they're competing w MS & Google, MS was previously established and google has dominated the search market (gmail is good 2) almost since inception. It would make sense for them to branch away / restructure, or throw in the towel.

      • I'm not sure it's really justified to say that. Yahoo was a large ($1billion +) company, and until recently they've been growing at a fairly nice rate, despite competition from MS and Google. Search is definitely not their only source of revenue, they are behind a lot of e-commerce.

        Their primary difficulty moving forward is that with the takeover attempts, and other challenges, a lot of their skilled developers were leaving the company. In early 2007 there was a mass exodus of engineers leaving Yahoo. If
      • by mattack2 (1165421)

        google has dominated the search market (gmail is good 2) almost since inception.

        Yahoo could have bought the google search technology for a relative pittance.

    • by Hadlock (143607)

      I'm curious why they went with the PayPal CEO? Presumably he's going to have a lot of banking/legal background, which, while possibly useful, isn't horribly useful for an advertising/search company. Then again, beggars can't be choosers when you're asking someone to captain your sinking ship...

      • Although Yahoo is perceived from the outside as a search company, they actually make a lot of their money from e-commerce. I suspect that is why they went with this guy, because they figure he knows about e-commerce. And Meg Whitman was taken.
        • by symbolset (646467) *
          Andy Lees isn't busy this year, and they're dumb enough to take a Microsoft executive as their CEO.
    • Re:Signs of death (Score:5, Insightful)

      by drinkypoo (153816) <martin.espinoza@gmail.com> on Wednesday January 04, 2012 @01:33PM (#38586590) Homepage Journal

      I can't imagine how the past president of PayPal, a company known for screwing its customers, could possibly be a good thing for Yahoo.

      Yahoo is basically some fora, crappy free email, and lousy imagehosting strapped onto the side of Bing. It's a front for Microsoft, much like Netflix (which only started using Silverlight after a board seat at Microsoft was secured.) I'd say this fits in nicely with where things were going anyway. When they announced they would be powered by Bing I knew it was all over and that they had lost their last reason to exist.

      • by phantomfive (622387) on Wednesday January 04, 2012 @02:07PM (#38586962) Journal
        Yahoo makes a ton of money from their e-commerce, which isn't always publicly visible, so you may not have noticed. It's a strong company with decent fundamentals, and reasonable potential.

        It is also an example of what happens when the CxO group decides to bash on their company with sledgehammers. Or when Corporate Raiders attempt to 'help' things. It's a company that's being destroyed from the top, and all the quality engineers are leaving out the sides (or rather, have left).
        • by drinkypoo (153816)

          Yahoo makes a ton of money from their e-commerce, which isn't always publicly visible, so you may not have noticed.

          That has GOT to be waning, though. I can not remember the last time I found myself buying from a Yahoo store. That would be just another boring anecdote, except that I also used to find myself buying stuff from them all the time. And I have found support for this suggestion; e-commerce is the only pay service they have on Yahoo!, right? And they make money from ad impressions? Revenue is down horribly [central-e-commerce.com] so I'm guessing they're losing e-commerce stores. Sure, the economy is depressed, but that doesn't account

    • by lucm (889690)

      Thompson, who was previously president of PayPal

      I can't imagine how the past president of PayPal, a company known for screwing its customers, could possibly be a good thing for Yahoo.

      Yahoo has been in discussions about selling off its Asian assets for some weeks.

      Great, all you hear from Yahoo lately is "let's sell things off." When was the last time you heard them talk about creating a new product? These are signs of death.

      If companies were always keeping their course and never got rid of any business, EMC would still sell computer desks and Berkshire-Hathaway would still be in the textile business instead of printing money in Omaha...

  • how??? (Score:5, Insightful)

    by sribe (304414) on Wednesday January 04, 2012 @01:25PM (#38586524)

    This would require that: a) Yahoo have a core business and b) Yahoo know what that business is.

    • Re:how??? (Score:4, Insightful)

      by jmkaza (173878) on Wednesday January 04, 2012 @02:52PM (#38587478)

      Yahoo is an online services company, they just haven't figured it out yet. When Terry Semel came on board, he thought Yahoo was a content company, and worked hard with his Hollywood background to build that out. When he failed, Carol Bartz came on board with the idea that Yahoo was an advertising platform, and worked with Microsoft to expand that offering. Without a vision of how Yahoo can provide better online services to it's end users, no CEO will be successful.

  • by KPU (118762) on Wednesday January 04, 2012 @01:32PM (#38586582) Homepage

    In related news [slashdot.org], Yahoo was sold through Paypal. The buyer claimed Yahoo is defective and asked for a refund. Paypal then ordered the buyer to destroy Yahoo.

    • Oh, come on now. That's a little excessive don't you think?

      Yahoo is doing a bang-up job in regards to destroying itself, already. It certainly doesn't need someone else to wield the sledgehammer!

    • Re: (Score:3, Funny)

      by Anonymous Coward

      I liked Scott Thompson way better when he was a running faggot [youtube.com].

      • As much as I want to mod this Funny, I'll instead post here to say, watch the video before modding Troll. My first thought when reading "Scott Thompson" was his Buddy sketches, but this is definitely one of my favorites.

  • by Tharsman (1364603) on Wednesday January 04, 2012 @02:16PM (#38587078)

    A new age of violin destruction begins!

  • Oh, crap (Score:4, Funny)

    by Minwee (522556) <dcr@neverwhen.org> on Wednesday January 04, 2012 @03:20PM (#38587822) Homepage
    Quick, hide the violins.
  • Could it be that the previous Paypal article [slashdot.org] about the smashed-up violin and this one are in some way related?

    Perhaps...some strings were pulled.

  • Lately Yahoo Mail has been very buggy, especially when using IMAP (with mobile phone). The past few months I've seen emails moved to folders simply vanish a few days later, emails that are unreadable, emails that can't be deleted on the web site and IMAP syncing issues and the like.

    The first thing the new CEO should do is replace all the people responsible for maintaining and fixing Yahoo Mail with people who are competent.

  • Perhaps they'll even be able to keep their comics pages updated, a task apparently too herculean for past (and current) staff and management.

  • Oh wait, "People" is a scholarly journal compared to the celebrity "news" on the front page of Yahoo. (e.g. Top 10 ways to find out if you're an idiot!)

  • ...is raping its customers.

    Is that what Yahoo is going to focus on now?

"Gotcha, you snot-necked weenies!" -- Post Bros. Comics

Working...