Yahoo! May Pick Carol Bartz As Their New CEO Next Week
Yahoo Inc. (NASDAQ:YHOO), the search engine company that almost got bought out by Microsoft, has been searching for a new CEO since Jerry Yang stepped down in November. There were talks about hiring former Vodafone Group PLC CEO Arun Sarin, but he chose to withdraw. The candidate that is rumored to be stepping up is former Autodesk, Inc. (NASDAQ:ADSK) CEO Carol Bartz. Although it is not confirmed, she is “on the list” according to a WSJ source.
The board still has to put an offer together, but it is believed that it will be given out next week. Yahoo! wants to choose a new leader before their fourth quarter earnings announcement. If Bartz does become the new CEO, then it shows that Yahoo! prefers to have someone with consumer products experience of Internet advertising. Bartz is currently the exec. chairman of Autodesk and a board member of Cisco Systems Inc. Jerry Yang is also on the Cisco board.
Earlier this week at CES, Yahoo! announced that they have signed deal with Samsung, LG, and Sony for converging the Internet with TV. TVs manufactured with these partners will have the option to run widgets on the side. The widgets will be able to play YouTube clips, send out Twitter tweets, network on MySpace, and view images on Flickr.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry