January 14, 2009 |
A few years back, Carol Bartz said that the worst thing about her job running software maker Autodesk Inc. was "when people on the outside try to second-guess everything a CEO does." As the new chief executive of beleaguered Internet company Yahoo Inc., Bartz's patience with Monday-morning quarterbacking is likely to be tested.
May 23, 2009 |
Yahoo says it will pay its chief financial officer $1.8 million when he leaves the Internet company this summer. Sunnyvale, Calif.-based Yahoo announced its intention to replace Blake Jorgensen in February -- just six weeks after it hired Carol Bartz as its new chief executive.
April 15, 2009 |
Internet giant Yahoo Inc. is planning a new round of job cuts that could affect several hundred employees, according to a person with knowledge of the matter. The reduction could be announced within a few weeks, according to the person, who declined to be identified. A spokesman for Yahoo declined to comment. The cuts would be the first under Carol Bartz, who became chief executive in January. The last round, affecting about 1,600 workers, came at the end of 2008.
March 5, 2012 |
He has only been on the job for two months, but Yahoo's new chief executive, Scott Thompson, is already preparing a bold attempt 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.
November 1, 2011 |
Yahoo Inc. agreed to buy Interclick Inc. for $270 million in cash to help advertisers reach online users with more targeted messages. Yahoo, which has been exploring its strategic options, may use the purchase to revive sales of display advertising, such as banner ads, which stalled last quarter. The deal comes as Yahoo is seeking a chief executive after it fired Carol Bartz in September. The Sunnyvale, Calif., company also has embarked on a strategy review as it grapples with competition from Google Inc. and Facebook Inc. Yahoo is leaning toward selling Asian assets and redistributing the proceeds to shareholders, rather than selling itself to a group of buyers, people familiar with the situation said.
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.