Google vice president to become C.E.O of Yahoo

[newarkhiphop]

Yahoo! Inc. (YHOO) said Marissa Mayer will become chief executive officer, appointing a vice president from competitor Google Inc. (GOOG) to stem user defections and market-share losses that have fueled three straight years of revenue declines at the biggest U.S. Web portal.


Mayer will take over tomorrow from interim CEO Ross Levinsohn, who has led the Sunnyvale, California-based company since May, when Scott Thompson resigned over inaccuracies in his academic record. Shares of Yahoo rose in extended trading after the company made the announcement today in a statement.
As Yahoo’s fifth CEO in four years, Mayer, 37, will be charged with helping the company regain the attention of Web surfers who have backed away from the site, opting instead to socialize on Facebook Inc. (FB) and Twitter Inc. and search the Web using Google’s tools. Her challenge will also be wooing advertisers that have shifted marketing budgets away from Yahoo.
“She’s somebody that has a pretty good track record,” said Herman Leung, an analyst at Susquehanna International Group. “She’s a big name. But investors are saying, ‘We’ve seen this story before -- we don’t know how long this lasts.’ Three CEOs in less than a year certainly makes investors try to temper upside expectations. It comes down to a matter of execution.”
Yahoo shares rose as high as $16.62 after the announcement. They had fallen less than 1 percent to $15.65 at the close in New York, and have declined 3 percent so far this year.

Yahoo Names Google


GSDG

 

[Why-Fi]

 

[Strapped]

google trying to buy yahoo cheap

 

[Un-AmericanDreamer]

I had to do a double take when I read the title, this is like Kanye being Nas's boss.

 

[He Who Posts Well]

Good luck with that. I don't know how you can save Yahoo at this point.

 

[muzikfrk75]

 

[newarkhiphop]

Good luck with that. I don't know how you can save Yahoo at this point.

who said anything about saving

trojan horse

GSDG

 

[Angel On The Rag]

google = skynet in the future

 

[Reality]

who said anything about saving

trojan horse

GSDG

Larry and Sergey sittin back like

"Let operation (S)laughter commence"

 

[He Who Posts Well]

Larry and Sergey sittin back like

"Let operation (S)laughter commence"

Google- Marissa Mayer- laugh compilation - YouTube

that laugh

 

[Clem]

Yahoo needs to just wrap it up. Though their sports section is great now.

 

[itsyoung!!]

Mayer will take over tomorrow from interim CEO Ross Levinsohn, who has led the Sunnyvale, California-based company since May, when Scott Thompson resigned over inaccuracies in his academic record.