You are here
Yahoo raids Google’s ranks for its latest CEO
Published:
Wednesday, July 18, 2012
SAN FRANCISCO—Yahoo has hired longtime Google executive Marissa Mayer as its next CEO in the Internet company’s latest attempt to burnish its image and revive its financial growth after years of often-demoralising upheaval. The surprise move announced Monday makes Mayer the fifth Yahoo CEO in the past five years to attempt to turn around an Internet icon that has become as well-known for its follies as its online services.
Yahoo Inc., which is based in Sunnyvale, California, has lost its luster, while Google Inc and Facebook surged ahead in the battle for the attention of Web surfers and marketing budgets of advertisers. The struggles have depressed Yahoo’s stock, pressuring the company to find a leader with the charisma, vision and skills to turn the tide.
Disclaimer
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff. Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Please help us keep out site clean from inappropriate comments by using the flag option.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments. Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.
Before posting, please refer to the Community Standards, Terms and conditions and Privacy Policy