According to Marissa Mayer, the chief executive officer of Yahoo, Inc., they plan to strengthen their ties with Facebook, Inc., as well as focus on their mobile

Marissa Mayer will earn a basic annual salary of $1 million USD as the latest CEO of Yahoo.
An SEC filing by the one-time search leader has revealed that Mayer, a former exec and the first female software engineer of Google, will receive one million dollars plus bonuses. Her compensation might even total to more than $10 million if she will pull off a somewhat insurmountable feat to turn Yahoo’s downward spiral around.
On Tuesday, Yahoo chose Mayer from a shortlist of several capable …

Google VP of Location and Local Services Marissa Mayer has resigned as one of the search giant’s top execs to be the next CEO of Yahoo, making her one of the most eminent women corporate America and IT center Silicon Valley has ever seen.
Yahoo, the one-time leader in web search, chose Mayer, 37, from a shortlist of prominent candidates in an effort to bring life to its struggling business. Mayer had become one of the faces of Google during its press conferences and keynotes, and accounted …

Yahoo investigates newly seated CEO Scott Thompson over tampered CV accusation. (Image: Yondel Anecdotal, via Flickr / CC)

Yahoo has started a probe about the academic credentials of its newly seated CEO Scott Thompson after allegations of CV fabrication.
According to Reuters, Dan Loeb, founder and chief executive of Third Point, Thompson “padded out” his claim of holding degrees in accounting and computer science from Stonehill College near Boston.
Loeb added that Thompson …

Yahoo to Open E-Commerce Division. (Image: gaku, via Flickr / CC)

Yahoo has announced that it will focus on e-commerce in an attempt to revive the one-time search engine leader’s fortunes.
The Internet giant, now helmed by former PayPal CEO Scott Thompson, said it will go forward to plough investments in email and media content but will create a new division designed for the e-commerce industry.
“To be very clear, our highest priority is winning in our core business, and that will …

Yahoo! CEO Discloses Reorganization Details for Troubled Internet Pioneer / image via USA Today

Fast and forward are the keywords describing some of the details of the reorganization announced Tuesday by Yahoo CEO Scott Thompson, even as the pioneering Internet company struggles to maintain its financial equilibrium in the face of sharp competition, particularly from emerging giants in the online business environment.
The Associated Press said Wednesday that the new structure for Yahoo, …

Image: Sebastian Bergmann (CC-BY-SA-2.0), via Wikimedia Commons

American Internet firm Yahoo Inc. named Chief Financial Officer Timothy Morse as interim Chief Executive after firing Carol Bartz on Tuesday.
Ex-CEO Jerry Yang and David Filo, co-founders of Yahoo, will remain as Chief Yahoo and offer advices to Morse and the Executive Leadership Council.
With Bartz leaving, the Yahoo Executive Leadership Council members decided to fill certain positions with Blake Irving now Exec VP and Chief …

Carol Bartz, 62, who has been chief executive officer for Yahoo! since January 13th, 2009, informed her employees in an email on Tuesday that she had been relieved of her duties over the phone during a conversation with Yahoo chairman Roy Bostock.
 

Yahoo shares closed up 6pc after news broke that Bartz was let go.

Yahoo! operates the third most visited website in the world, but the company has been struggling to regain its footing over the last few years because of slow growth, …

Carol Bartz, Yahoo! Inc. chief executive officer, is preparing for Yahoo’s difficult annual shareholder meeting in which she will have to answer to investors who are becoming inpatient about the website’s turnaround progress.

carol bartz yahoo shareholders

The technology rich Nasdaq Composite Index has increased 20 percent since last year’s meeting but Yahoo’s shares have gone up just 2.7 percent.  Bartz became the Yahoo CEO in January 2009, and since then, the increase in the …