week in review Yahoo unveiled its new chief executive this week, naming PayPal President Scott Thompson to become its new leader and a board member starting on Monday.
Thompson said in a statement that he wants to "deliver Yahoo's next era of success" by dealing with both Yahoo advertisers and users. Thompson will also have the job of rebuilding Yahoo--potentially with some of its parts sold off.
Thompson previously served as senior vice president and chief technology officer at PayPal, eBay's online payment service. Before that, he was the executive vice president who ran technology development at Visa's Inovant subsidiary.
The Internet pioneer has been searching for a new CEO and future direction since Yahoo's board fired Carol Bartz last September. Bartz called the board "doofuses" afterward but also took home about $10 million in severance pay.
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