Thursday, January 5, 2012

Scott Thompson So New Yahoo Boss

Yahoo picked up Scott Thompson as Chief Executive Officer. Thompson served as CEO effective January 9 next.

Scott was formerly known as the president director of Pay Pal a division of eBay. He successfully brought online payment service PayPal as a world with 104 million active users spread across 190 countries.

Not only able to increase the number of users - from 50 million to 104 million -, Scott also successfully increased the number of merchants that are partners PayPal. Currently a partner Pay Pal reached 8 million.

Scott recorded success did not fail to also accelerate revenue Pay Pal. Occurred a significant increase in revenue in the hands of Scott. In 2011 PayPal posted a revenue of 4 billion U.S. dollars from the previous 1.8 billion U.S. dollars.

''Scott is expected to be able to 'fly' to Yahoo! by building a strong base of existing assets and resources to reignite innovation and encourage growth, precisely the formula that we need at Yahoo!, "said Roy Bostock, Chairman of the Board of Directors Yahoo! .

He considered the experience in online business combined with the ability to build and operational team will restore the energy, focus and momentum needed to develop the core business and provide added value for our shareholders. ''Finding committee and the Board concluded that it is the right leader,''he said.


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