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Yahoo's New CEO Faces Tough Task

Thu, 01/05/2012 - 8:28am

Yahoo has named Scott Thompson, president of eBay Inc.'s PayPal division, as its new CEO. Thompson has his work cut out for him. The struggling Internet company has been without a permanent CEO since early September. It fired Carol Bartz after losing patience with her attempts to turn around the company during her 2 ½ years on the job. Tim Morse, Yahoo's chief financial officer, has been interim CEO since Bartz's ouster.

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