Yahoo Taps PayPal President As New CEO
January 4, 2012 at 6:58 AM (PT)
THE NEW YORK TIMES reports YAHOO! has named SCOTT THOMPSON, current PAYPAL President, as its CEO. THOMPSON replaces CAROL BARTZ, who was dismissed in SEPTEMBER.
"THOMPSON has been running PAYPAL, the online payments unit of eBAY, since early 2008," notes THE TIMES, "and was previously its Chief Technology Officer. PAYPAL processed $29 billion in payments in the third quarter of 2011."