Why Yahoo Choose Thompson As New CEO? - Yahoo recently chose Scott Thompson as their new CEO, replacing Carol Bartz, who was ousted in September. Thompson is expected to bring his expertise to the company that is struggling Internet in the technology and operation.
Thompson, who is the head of the PayPal online payments business, was appointed as CEO of Yahoo and will begin to work effectively on Monday.
Focusing on technology and operations rather than marketing or media, Gil B. Luria, Wedbush analyst, judged Thompson is 'people who help build the time than to tell time itself'. According to her, Thompson, with his effort has transformed PayPal into a big payment company and grow quickly and can be predicted.
Yahoo will likely require a similar growth, to re-emerge. Today, Yahoo has lost some ground from Google and Facebook in terms of Internet advertising market that has grown in recent years. Plus Yahoo's stock price has more than three years, has never traded above $ 20 as compared with Google at the same time its shares up 49 percent.
This 54 years old man, will try to be a pioneer on the internet, where others have failed to do it. He believed that the 'roots' that grew up in South Shore, Boston will help him to be ready to face the challenges. "The mindset of Boston's interesting," he said proudly, in an interview on Wednesday.
Thompson's presence at Yahoo is apparently very attractive to some parties, even Baird Equity Research analyst, Colin Sebastian says, "If Thompson succeeded in Yahoo, he will be a hero in Silicon Valley, but if he fails then he will just be like other executives who did not work. "
Prior to becoming President of PayPal in 2008, Thompson was Chieff Technology Officer. He joined PayPal after previously working for Visa, which has responsibility for developing and maintaining the company's global payment system.
