Yahoo! CEO Logs Off

Stockholders blast chief for $107M payday; nix change on company's China policy

(NEWSER) - Investors railed yesterday against Yahoo Inc.'s management team in an unusually rowdy session of the search engine's annual shareholders' meeting. Angry investors interrogated CEO Terry Semel over his $107.5M paycheck and the company's slumping stock price, which fell 9% in the last year. A third of shareholders mutinied in protest, voting against the company's otherwise uncontroversial proposed slate of directors. More»

Bartz, of Autodesk, will succeed Yang, sources say

(NEWSER) - Yahoo will soon name Carol Bartz as its new CEO after a two-month search for a successor to Jerry Yang, the Wall Street Journal reports. The 60-year-old Bartz served as CEO of Autodesk Inc from 1992 to 2006, and still serves as the company’s executive chairman. She’s also on the board at Cisco Systems, alongside none other than Yang, and has previously been an executive at Sun Microsystems. More»

(NEWSER) - Yahoo today restated its opinion that Microsoft’s $44.6 billion buyout bid underestimates the online giant’s “combination of unique assets,” but for the first time stated publicly the strengths it would bring to the Microsoft merger, MarketWatch reports. In an investor presentation for the SEC, the company argued it would take Microsoft "from sub-scale position to strong positions in search and display." More»

Will continue to face 'headwinds' this year as online ad revenues sink

(NEWSER) - After a 23% plummet in fourth quarter profits, Yahoo's CEO said the company will face job cuts and continued "headwinds" in 2008, the Wall Street Journal reports. Facing decreased advertiser spending, the company will lay off 1,000 employees next month, though it will try to relocate some within Yahoo. Such bleak expectations prompted a 10% drop in shares after hours. More»

Social network and search giant switched spots over New Year's

(NEWSER) - Facebook has felled another Internet giant, surpassing Yahoo in January to become the second most visited website in the US. In December, Facebook had 132.1 million unique visitors to Yahoo’s 133.4 million. But last month the tables were turned, Mashable reports, with Facebook garnering 133.6 million unique visitors to Yahoo’s 132.0 million. The top spot, of course, belongs to Google. More»