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Yahoo names PayPal exec as its CEO

Yahoo

Yahoo Inc. has named Scott Thompson, president of eBay Inc.'s PayPal division, as its new CEO, the fourth one in less than five years for the struggling Internet company.

Senh: At least Scott Thompson is familiar with the internet. I think they need to find an innovator, but those guys are hard to find.

 

As Auctions Slow, eBay Targets PayPal

EBay CEO Donahoe pledged to accelerate changes in its slowing online auction business and tap the "enormous potential" for growth in its PayPal business.

 

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