A fallen CEO starts work on reviving his reputation.
Although Scott Thompson joins the jobless after recently resigning from his CEO position at Yahoo, don’t look for him on any unemployment lines. Yahoo stated in a filing today Thompson would be receiving nearly $7 million in make-good cash from Yahoo.
Scott Thompson, who resigned this weekend as chief executive of Yahoo, reportedly disclosed to the company’s board of directors and several colleagues last week that he has been diagnosed with thyroid cancer.
Guest Post Yahoo CEO Scott Thompson’s latest explanations don’t cut it. He needs to go.
Some people interpreted my piece calling out Silicon Valley’s snobbishness about computer science degrees as a defense of embattled Yahoo CEO Scott Thompson. It’s not.
I don’t have a computer science degree. There, I said it.
Tech giant Yahoo has struggled to find its way over the last five years, rotating through four CEOs and a series of layoffs. Now, activist shareholder Third Point, which is agitating to add four handpicked members to Yahoo’s board, has launched an entire website, valueyahoo.com, to make its case about what is going wrong at Yahoo’s business and what can be done to turn it around.
Editor's Pick With Facebook getting ready for its IPO, Yahoo has decided to sue over patent infringement. Yahoo used the same tactic against Google in the run up to their IPO, pocketing a helping of the search engine’s pre-IPO shares.
The legal team at Yahoo reached out to Facebook yesterday, at the same time as they were briefing the New York Times, to give the social networking giant the heads up that it would be seeking licensing fees on ten to twenty patents, and suing if that didn’t work.
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Yahoo‘s revenue dropped 13 percent compared to the same period last year, the company reported today. In its quarterly earnings’ announcement Tuesday, Yahoo reported $1,324 million in GAAP revenue for the fourth quarter of 2011, while costs increased by 10 percent. Excluding traffic acquisition costs from Yahoo’s partnership with Microsoft and others, the company brought in $1,169 million — down just three percent compared to last year.
Yahoo co-founder and former CEO Jerry Yang has resigned from the Yahoo board of directors and all other positions, the company announced late today. Yang also resigned from the boards of Yahoo Japan and Alibaba Group.
SuVolta, a chip startup that says it can cut power consumption by 50 to 90 percent when coupled with other techniques for lowering voltage, said today it has raises $17.6 million in a new round of funding.
Newly appointed Yahoo CEO Scott Thompson made it clear in a conference call with analysts this morning that the company plans to use its data to regain dominance for its media and digital service businesses.
Iconic internet company Yahoo has named a new CEO, former PayPal President Scott Thompson, the company announced today.
Fujitsu revealed today that it has confirmed that startup SuVolta’s PowerShrink technology can cut power consumption in a chip by 50 percent without hurting performance.
eBay announced today that it has purchased Zong, a company that lets you easily pay for purchases with your mobile phone number, for $240 million in cash.