Yahoo taps Thompson as Boss

Yahoo has named Scott Thompson, prexy of eBay's PayPal division, since it's new Boss, the 4th one out of under 5 years for that battling Company online. Yahoo, which introduced its choice Wednesday, continues to be with no permanent Boss since early September. It fired Carol Bartz after losing persistence together with her tries to change the organization throughout her 2 1/24 months at work. Tim Morse, Yahoo's chief financial officer, continues to be interim Boss since Bartz's ouster. Thompson has offered as prexy of PayPal, eBay's online payment service, since The month of january 2008. He formerly offered as PayPal's senior Vice president and chief technology officer. Sunnyvale, Calif.-based Yahoo stated Thompson's job begins on Jan. 9. Morse will go back to his CFO publish. Yahoo chairman Roy Bostock stated Thompson's history of creating on existing assets "to boost innovation and drive growth" is "exactly the formula we want at Yahoo." It will likely be a large task. Yahoo continues to be losing ground within the fast-growing Web advertising sell to Google and Facebook for a long time. Mainly because of this, its stock cost hasn't capped $20 within the last 3 years. Yahoo's board continues to be looking at a potential purchase of or a part of the organization since Bartz's ouster last fall. You will find several potential suitors, including China's Alibaba Group, which might link up with private equity investors inside a joint bid. Bartz, too, was hired to assist turn Yahoo around but she'd no training in Web advertising -- Yahoo's primary revenue source. This immediately elevated doubts about her qualifications. Yahoo shares fell 30 cents, or 1.9%, to $15.98 in morning buying and selling. Shares of eBay, meanwhile, dropped $1.14, or 3.6%, to $30.20. Contact the range newsroom at news@variety.com