July 5, 2012 |
Hulu Chief Executive Jason Kilar is on the short list of candidates to take over as head of struggling Internet giant Yahoo. Kilar is among the leading contenders for the chief executive's post, along with Yahoo's interim CEO, Ross Levinsohn, according to a person familiar with the matter who requested anonymity because he is not authorized to speak publicly about the matter. Yahoo's board has yet to be presented with a list of finalists, according to another person close to the situation who asked not to be named because of the confidentiality of the search process.
April 4, 2012 |
Yahoo Inc.'s decision to slash 14% of its workers is the biggest restructuring in the company's history, an analyst said. About 2,000 workers will be laid off, the Sunnyvale, Calif., company said Wednesday. It expects to record a pretax expense of $125 million to $145 million, most of which will come in the second quarter. "It may be the only way CEO [Scott] Thompson can effectively focus on the next generation of Yahoo," Think Equity analyst Ronald Josey said in an research note.
March 6, 2012 |
He has only been on the job for two months, but Yahoo's new chief executive, Scott Thompson, is already preparing a bold plan to turn around the struggling Internet company. Thompson is weighing a significant restructuring of Yahoo that could include thousands of layoffs, according to technology blog All Things D. The moves, the first major ones from the former PayPal president, could be announced as early as this month, Kara Swisher reported, citing anonymous sources. Yahoo recently hired the Boston Consulting Group to focus on the cuts to its products group.
February 7, 2012 |
Yahoo will forge its future without Chairman Roy Bostock and three other board members, the struggling Internet company said. Bostock announced the departures Tuesday in a letter to shareholders, describing the moves as part of Yahoo's turnaround efforts. "The board has concluded that in order to accelerate the Company's transformation, the combination of a new Chief Executive Officer with an enhanced team of independent directors would provide Yahoo with the expertise and perspectives necessary to drive innovation and growth going forward," Bostock said in the letter.
January 18, 2012 |
Ending an era for one of the Internet's pioneers, Yahoo co-founder Jerry Yang has stepped down from the struggling company's board. He also relinquished posts on the boards of Yahoo Japan Corp. and Alibaba Group Holding Ltd., according to a statement from the Sunnyvale, Calif., company. His surprise departure came two weeks after Yahoo hired a new chief executive, Scott Thompson, the former president of EBay Inc.'s PayPal unit. Thompson is charged with helping Yahoo catch up to Google and Facebook, which have outpaced Yahoo in the fight for Web traffic and ad dollars.
January 5, 2012 |
For years, Yahoo Inc. has been stuck with the kind of cosmic curse that is all too painfully familiar to Scott Thompson, a die-hard Boston Red Sox fan. Thompson, former head of PayPal, has stepped to the plate to become Yahoo's fourth chief executive in less than five years. The Boston native said he's bringing an underdog spirit to the tall task of reigniting innovation and growth at the onetime Internet powerhouse that faces rising competition for advertising dollars from rivals Google Inc. and Facebook.