Articles about Yahoo

Yahoo co-founder and former CEO Jerry Yang has tendered his resignation from all of his positions at Yahoo, including his spot on the Board of Directors of Yahoo USA and Japan, and his position within Alibaba.

In a letter to the board, Yang said, "My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future."

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I told you so. In summer 2009, I asserted that the Microsoft-Yahoo search deal was "Google's Christmas-in-July present". Reasoning: By Yahoo outsourcing search to Microsoft, Bing would cannibalize share from its partner rather than lead to the combined entity gaining against Google. Last month, Bing US search share nudged ahead of Yahoo, according to comScore. It's a setback for Microsoft.

Google remains the big winner in the search share wars with Microsoft. In June 2009, the month before the announced search outsourcing deal, Google share was 65 percent. Yahoo and Microsoft were 19.6 percent and 8.4 percent, respectively, or 28 percent combined. In December 2011, Google search share was 65.9 percent, Microsoft 15.1 percent and Yahoo 14.5 percent -- for combined 29.6 percent. That's lower than November when Microsoft-Yahoo share was 30.1 percent. The point: Little has changed since the search deal was announced, except that Microsoft has cannibalized share from Yahoo.

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Four months after unceremoniously firing Carol Bartz over the phone, Yahoo's board today named PayPal president Scott Thompson as chief executive. Thompson will assume the new role on January 9, when he also joins Yahoo's board of directors.

Thompson comes to Yahoo amid great turmoil. The company is undergoing something of an identity crisis as it struggles to reinvent itself. Right now, Yahoo's strongest asset is a commanding brand, but its identity is increasingly amorphous, and the company considers unloading web properties in markets where its products are best known, such as Asia. Many challenges face Thompson, none the least convincing shareholders he can bring focus back to the struggling Internet giant. Yahoo shares nudged down about 3 percent in early trading -- $15.84, off the $16.11 opening and $16.25 close yesterday.

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It has been a year since Bing began powering search results for Yahoo. That pairing has done little to increase the overall market share of Microsoft's search engine entrant, increasing only four percent during the period.

In an even starker example of Bing's troubles, it still lags behind Yahoo in terms of searches launched directly from bing.com. A larger portion of Bing's overall share still comes from Yahoo, Experian Hitwise has found.

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She has guts and character and should be CEO somewhere. Just not Yahoo.

But Carol Bartz deserves better treatment than this, if the account of her dismissal is correct. "I’ve just been fired over the phone by Yahoo’s Chairman of the Board", she claims in an email sent to Yahoo employees. I believe it. This stinks of boardroom coup.

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About to enter her third year as CEO of Internet services company Yahoo, Carol Bartz on Tuesday reportedly sent a message to all Yahoo employess stating that she had been fired.

Bartz ascended to the rank of CEO of Yahoo in early 2009, after the departure of the company's co-founder Jerry Yang.

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