Yahoo's woes continue after it confirmed it will lose the head of its labs unit, Prabhakar Raghavan, to Google. Raghaven's research interests focused on search technologies, with particular interests in text, web mining, and algorithm design.
Former PayPal president Scott Thompson joins Yahoo as CEO. Yahoo credits Thompson with doubling PayPal's active user base from 50 million to 104 million. Acting CEO Tim Morse will resume his duties as chief financial officer.
Carol Bartz, who was fired by Yahoo over the phone last week, resigned from Yahoo’s board of directors Friday. She is due to receive a $10 million severance package, but an interview may have violated a non-disparagement clause in her contract.
Yahoo Chairman of the Board Roy Bostock fired CEO Carol Bartz over the phone today. The struggling company named CFO Tim Morse interim CEO. Yahoo has formed an "Executive Leadership Council" to support Morse until a full-time CEO is appointed.
Yahoo’s board of directors has issued a statement saying it will evaluate Microsoft’s unsolicited bid to acquire Yahoo for $44.6 billion. Not ... read more