technology

Yahoo Names PayPal’s Scott Thompson CEO

Four months after pushing out embattled CEO Carol Bartz, Yahoo has named PayPal president Scott Thompson its new chief executive. Taking over the lost-at-sea Internet company is a big task, but according to Yahoo’s chairman of the board, Thompson “will restore the energy, focus, and momentum necessary to grow the core business and deliver increased value for our shareholders.” Yes, Thompson is a white man.

Yahoo Names PayPal’s Scott Thompson CEO