Yahoo CEO could be PayPal’s Thompson, ATD says

mone8 January 4, 2012 Comments Off

Scott Thompson

Scott Thompson

(Credit:
PayPal)

Yahoo could announce its new chief executive today, and the leading contender is PayPal President Scott Thompson, All Things Digital reported last night.

The Internet pioneer has been searching for a new CEO and future direction since Yahoo’s board fired Carol Bartz last September. Bartz called the board “doofuses” afterward but also took home about $10 million in severance pay.

ATD’s Kara Swisher cited unnamed sources for the report and pointed out that Thompson recently “liked” Yahoo on his Facebook page. Yahoo didn’t immediately comment.

Thompson previously served as senior vice president and chief technology officer at PayPal, eBay’s online payment service. Before that, he was the executive vice president who ran technology development at Visa’s Inovant subsidiary, which handled technology matters for the credit card company. Before that, he was chief information officer of Barclays Global Investors.

Yahoo brought Bartz on to try to restore the company’s fortunes, but so far that’s not come to pass. Search rival Google surpassed Yahoo, while Facebook has become the online hub of activity for many people who once might have started their browsers at Yahoo.

Yahoo is exploring various sales options, with interested parties including Chinese Internet company Alibaba Group and, reportedly, private investment groups Silver Lake and TPG Capital.

Tim Morse has been Yahoo’s acting CEO since Bartz was fired.

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