Yahoo Names New CEO: Ex-PayPal President Thompson

Having searched for a new CEO since Carol Bartz was fired in September, the Internet search and advertising company announced Wednesday that it has found one. Scott Thompson — most recently president of online payment giant PayPal, now part of eBay — will take over at Yahoo.

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STEVE INSKEEP, HOST:

NPR's business news with Yahoo's CEO search.

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INSKEEP: Yahoo has been looking for a new CEO ever since the board fired Carol Bartz last September. Today, the Internet search and advertising company announced it's found one - Scott Thompson. He was most recently president of the online payment giant PayPal, which is now part of eBay. He's going to take over a company that's been floundering. Revenues need a boost and more importantly maybe, Thompson has to come up with a way for Yahoo to stay relevant and competitive with the online rivals like Google and Facebook out there.

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