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Hertz buying Dollar Thrifty for about $2.3B
NEW YORK — Hertz is one step closer to its long-awaited prize. More than two years after its original bid, it agreed Sunday to buy Dollar Thrifty Automotive Group Inc. for about $2.3 billion, giving it more ways to attract travelers and expand its international presence. It will also give the company a leg up […]
Ex-Yahoo CEO becomes head of ShopRunner
NEW YORK — ShopRunner, a site that gives members two-day shipping from some e-commerce sites, says its new CEO is Scott Thompson, the former CEO of Yahoo. Thompson left Yahoo in May after it emerged that his resume inaccurately ascribed him a degree in computer science. He had the job for only four months. Much […]
Google exec Mayer named Yahoo CEO, 5th in 5 years
SUNNYVALE — Yahoo is hiring longtime Google executive Marissa Mayer to be its next CEO, the fifth in five years as the company struggles to rebound from years of financial malaise and internal turmoil. Mayer, who starts at Yahoo Inc. on Tuesday, was one of Google’s earliest employees and was most recently responsible for its […]
Revolving door: Yahoo ushers out another CEO
SAN FRANCISCO — Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received. The troubled Internet company’s next challenge will be convincing its restless shareholders and demoralized employees that the turnaround work started during Thompson’s tumultuous four-month stint as CEO won&#[...]
Yahoo shareholder demands records on CEO’s hiring
SAN FRANCISCO — A major Yahoo shareholder has made a legal demand for internal records about the embattled Internet company’s hiring of CEO Scott Thompson. Activist hedge fund Third Point LLC took the unusual step Monday as part of its effort to oust Thompson for an inaccuracy about his academic credentials. After exposing the fabrication […]
Yahoo CEO faces calls for ouster after inaccuracy
SAN FRANCISCO — Yahoo CEO Scott Thompson faces calls for his ouster after just four months leading the troubled Internet company because of inaccuracies with his academic credentials. A major Yahoo shareholder who exposed the misrepresentation Thursday is now leading the charge to oust Thompson for unethical conduct. In a Friday letter, activist hedge fund […]
Yahoo names PayPal exec as its CEO
NEW YORK — Yahoo Inc. has named Scott Thompson, president of eBay Inc.’s PayPal division, as its CEO, the fourth one in less than five years for the struggling Internet company. Yahoo, which announced its choice Wednesday, has been without a permanent CEO since early September. It fired Carol Bartz after losing patience with her […]
