Tag Archives: Yahoo!
Yahoo! Launches A Browser Called Axis
Yahoo! has launched a new way to search and browse the web on any device. Yahoo! Axis is a new mobile browser and desktop plug-in that gives people visual searches as they search. You can download Axis as a standalone mobile browser for Apple iOS devices and HTML5 enabled desktop browsers. The plug-in can be downloaded from this link. Yahoo! Axis has a one-step search that lets you preview and interact with visual search results without leaving the page you are on. Axis also has a personalized home page that contains most of your recently visited websites, bookmarks, and websites that you plan to visit later. Axis on the iPhone and iPad lets you swipe to quickly get from one search result to the next. Below is a demo video of how Axis works:
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Categories Yahoo!, Yahoo! Axis
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Yahoo! CEO Scott Thompson Resigns From Splunk Board
Former PayPal president Scott Thompson recently resigned from Yahoo! as CEO because of a false résumé and because he has thyroid cancer. His résumé claimed that he had a degree in Accounting and Computer Science from Stonehill College, but he actually only has a degree in Accounting. Former Yahoo! EVP Ross Levinsohn is now interim CEO. Thompson is now no longer on the board of directors at Splunk, a company that analyzes big chunks of enterprise data and generates reports. Below is a statement from Splunk.
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Categories Scott Thompson, Splunk, Yahoo!
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Alibaba Buys Back Stake From Yahoo! For $7.1 Billion
Yahoo! is selling half of their stake in the Alibaba Group back to them for $7.1 billion and most of the sales proceeds will be to their own shareholders. The discussions between Alibaba and Yahoo! has been ongoing for the last 2 years. Yahoo! bought 40% in Alibaba for $1 billion in 2005. Yahoo! will sell half of that stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock.
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Categories AliBaba, Alibaba Group, Alibaba.com, Jack Ma, Ross Levinsohn, Tim Morse, Yahoo!
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Yahoo! To Sell Stake In Alibaba For $7 Billion
Yahoo! is getting ready to sell their stake in Chinese e-commerce company Alibaba.com according to AllThingsD. The deal could be announced as of this Monday. Yahoo! will sell 40% of their stake in Alibaba for $7 billion. After paying taxes, Yahoo! will spend almost all of that money on stock buybacks. Alibaba agreed to move towards an IPO after the transaction is completed. As part of the IPO, Yahoo! will sell a quarter of their remaining stake in the company while still owning 10%. The negotiations have been led by Yahoo! CFO Tim Morse. The new board has to agree to the terms of the deal.
Categories AliBaba, Alibaba Group, Alibaba.com, Tim Morse, Yahoo!
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Scott Thompson Tells Board He Was Diagnosed With Thyroid Cancer
Former Yahoo! CEO Scott Thompson told the company board of directors and several colleagues that he has been diagnosed with thyroid cancer according to several people familiar with the situation. The Wall Street Journal learned of this information from several sources. The cancer diagnosis was disclosed by Thompson late last week. The diagnosis had occurred in recent days and the board is also investigating why Thompson’s resume included an academic record that erroneously included a computer science degree.
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Categories Scott Thompson, Yahoo!
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Yahoo! CEO Scott Thompson Stepping Down After Resume Scandal
Yahoo! CEO Scott Thompson is stepping down from the company. Ross Levinsohn will become the interim CEO at the company. Thompson is stepping down amidst a controversy revolving around his online resume. His bio on Yahoo!’s and former employer eBay said that he had a computer science and accounting degree when it was actually only in accounting. When the official announcement is made, he will likely cite “personal reasons” for stepping down. Yahoo!’s board of directors are going to reach a settlement with Dan Loeb, the shareholder that discovered Thompson’s degree was fake. Fred Amoroso will be named chairman of Yahoo!’s board and the five directors on Yahoo!’s board will step down immediately.
Categories Ross Levinsohn, Scott Thompson, Yahoo!
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Scott Thompson’s Explanation For Resume Glitch
Yahoo! CEO Scott Thompson is now offering an explanation to employees why his official Yahoo! and eBay bios was inaccurate. On Thompson’s eBay and Yahoo! bios, it was written that Thompson had a degree in computer science and accounting from Stonehill College. However he just has a degree in accounting. Thompson told employees that before he was hired at eBay in 2005, he interviewed with an executive placement firm.
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Categories Scott Thompson, Yahoo!
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Dan Loeb Sends A Letter Again To Have Scott Thompson CEO Fired
Third Point founder and Yahoo! activist shareholder Daniel Loeb has released a new letter about the resume controversy surrounding Scott Thompson. In the letter, he requested the firing of Scott Thompson. “It seems farcical to us that the Board will most likely spend more time deliberating over whether Mr. Thompson should be fired than it did properly vetting whether he should have been hired,” states the letter. “The necessary investigation into whether certain senior executives and Board Members knew of Mr. Thompson’s deceptions before hiring him should not delay decisive action over his ethical breaches.”
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Categories Dan Loeb, John Donahoe, Patti Hart, Ross Levinsohn, Scott Thompson, Third Point, Tim Morse, Yahoo!
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Yahoo! CEO Scott Thompson Issues Apology To Employees
After several days, Yahoo! CEO Scott Thompson has issued an apology to employees over the inaccurate information in his resume. The inaccurate information has been on his bio since he worked for eBay in 2004 and it was copied and pasted over to his bio at Yahoo! Thompson’s bio said that he had a degree in Computer Science and Accounting from Stonehill College, but he actually only has an Accounting degree from there. Yahoo! shareholder activist and founder of Third Point Dan Loeb discovered the discrepancy and issued a letter to have Thompson’s resume investigated. Below is the letter from Thompson:
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Categories Dan Loeb, Scott Thompson, Yahoo!
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Yahoo! Board Still Weighing Options Over CEO Scott Thompson’s Resume
The Yahoo! board of directors are still deliberating over how to handle CEO Scott Thompson’s falsified resume. “I am sure you have seen the reports of questions raised regarding my undergraduate degree,” Thompson wrote in an e-mail this past Friday that was sent to employees. “As we said yesterday, the board is reviewing the matter and, upon completion of its review, will make an appropriate disclosure to shareholders. In the meantime, I’m doing what I hope all of you are doing — staying focused on our customers, our shareholders, our team and moving Yahoo forward, fast.”
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Categories Scott Thompson, Yahoo!
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