Yahoo named PayPal President Scott Thompson CEO as the company plows ahead with a strategic review in which discussions have included the possibility of being sold, taken private or broken up. Thompson, a former Visa payments software platform designer, joins the company five months after the firing of previous CEO Carol Bartz.
Thompson has been credited with driving growth at eBay’s online payments division. After the Yahoo appointment, some questioned if he could replicate his success as CEO of Yahoo. ”The risk element is that his background was in payments. And this is not a payment company, it’s a marketing, technology company,” said Lawrence Haverty, a fund manager with GAMCO investors, which owns Yahoo shares.
Verizon says came “extremely close” to its goal of selling 11 million iPhones in 2011
In interview, new Yahoo CEO Scott Thompson says too early to discuss cost cuts, changes to the board; no comment on spinning off Asia assets
Verizon’s CEO Lowell McAdam is cancelling his appearance in a keynote panel at the 2012 CES, the company announced
RIM is close to a decision on stripping its co-chief executives of their other shared role as chairman of the board, The National Post newspaper said, a change that could meet a key demand from angry and disillusioned investors. The Post’s sources said Barbara Stymiest, currently an independent member of RIM’s board, is leading the race to replace Mike Lazaridis and Jim Balsillie in the chairmanship. RIM shares jumped more than 7 percent on the news. But some analysts doubted Stymiest, if named to the chairmanship, would actually assume the transformational role that activist shareholders are calling for.
Groupon shares closed the day down 6.6 percent after a Susquehanna Financial Group – Yipit survey of almost 400 merchants found that while 8 out of 10 merchants enjoyed working with daily deal companies such as Groupon and LivingSocial, 52 percent were not planning to feature deals in the next six months and nearly 24 percent intended to feature only one deal during the same period.