Internet giant Yahoo has named a longtime executive from rival company Google as its new chief executive. Marissa Mayer begins her position on Tuesday, becoming a rare female CEO in Silicon Valley. The 37-year-old was one of Google’s earliest employees, and was involved in the development of its well-known search engine and iconic homepage. She […]
China’s Alibaba to Buy Back Shares from Yahoo
Posted May 21st, 2012 at 12:15 am (UTC-5)
Yahoo says it will sell about half of its stake in Alibaba, China’s largest e-commerce provider, back to the Chinese company for $7.1 billion. The two companies said Sunday that, under the agreement, Yahoo would get $6.3 billion in cash and approximately $800 million in Alibaba preferred stock. Yahoo says it plans to return “substantially […]
False Bio Forces Out Yahoo CEO
Posted May 14th, 2012 at 1:45 am (UTC-5)
Internet company Yahoo has its fourth CEO in less than four years, after chief Scott Thompson left the company amid a controversy about his academic record. Yahoo on Sunday named the company’s global media head, Ross Levinsohn, as its interim CEO. Thompson leaves Yahoo after just four months as chief executive. The company’s stock price […]
Yahoo Fires CEO
Posted September 7th, 2011 at 2:42 am (UTC-5)
Internet company Yahoo fired CEO Carol Bartz Tuesday. In a memo sent to her staff Bartz said, “I am very sad to tell you that I’ve been fired over the phone by Yahoo’s chairman of the board .” Yahoo’s stock price closed at $12.91 Tuesday. That is nearly seven percent higher than when Bartz was […]
