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Submission + - PayPal Executive Named Chief of Yahoo (nytimes.com)

expo53d 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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