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Yahoo Hires a New CEO
« on: January 14, 2009, 10:36:44 AM »
Yahoo has named Silicon Valley veteran Carol Bartz as its new chief executive.

Ms Bartz, 60, is a well-respected industry figure who led business software maker Autodesk for 14 years before becoming its chairman in 2006.

Her appointment follows a search for a replacement for the internet portal's co-founder Jerry Yang.

His departure followed lengthy criticism of his stewardship of the company, which has coincided with its share price collapsing to about $12.

He angered investors by turning down a $47.5bn takeover offer from Microsoft last May - worth $33 a share.

Microsoft did however come back and offer to buy the search part of Yahoo, but a deal was never struck. -BBC

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