Yahoo Names New CEO

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Updated Apr. 21, 2017 5:45PM EDT / Published Jan. 04, 2012 9:15AM EST

Paul Sakuma / AP Photo

Can the president of PayPal save Yahoo? Yahoo announced Wednesday that PayPal President Scott Thompson will take over the position vacated by Carol Bartz. Yahoo fired Bartz in September and the company has since been run by interim CEO Tim Morse, formerly its CFO. After Bartz's firing, Yahoo said it was considering selling the company, or possibly only the stakes it owns in Yahoo Japan and Alibaba. But then the board started looking for a new CEO, signaling that it might try to revive the company.

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Yahoo Names New CEO

Paul Sakuma / AP Photo