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+ - PayPal Executive Named Chief of Yahoo->

Submitted by expo53d
expo53d (2511934) writes "Yahoo, the struggling consumer media company, announced on Wednesday that its new chief executive would be Scott Thompson, the president of PayPal, the online payment service. In a conference call on Wednesday morning, Roy J. Bostock, the chairman of Yahoo’s board, said that at PayPal Mr. Thompson had proved he could take a company with solid assets and build the business. That is the central challenge at Yahoo, Mr. Bostock said, noting that the company has a wealth of strong media and advertising assets, and an online audience of more than 700 million visitors a month."
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PayPal Executive Named Chief of Yahoo

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