Turnover at Yahoo
In September, Yahoo ditched CEO Carol Bartz, and many industry insiders speculated that the company was positioning itself for sale, perhaps to AOL. Yahoo CFO Tim Morse stepped in temporarily as CEO. Roy Bostock, Chairman of the Yahoo board, thanked Morse, saying:
We are all grateful to Tim Morse for leading the company with a steady hand during the last several months. His deep understanding of the company and his positive approach kept the company on course and we will continue to benefit from his exceptional capabilities as he returns to his Chief Financial Officer role."
Eventful 2011 for Yahoo
Earlier in the year, Yahoo launched an improved email service in an effort to keep its 280+ million users, gain new users and win back former users. The company also spent US$ 28 million to acquire the 5:1 advertising platform, and US$ 20 million for consumer tech company IntoNow.
Yahoo's relationship with Hadoop shifted last year when architects and core Hadoop committers from the Yahoo Hadoop software engineering team formed Hortonworks and launched the Hortonworks Data Platform. Later in the year, Microsoft announced its strategic partnership with the Yahoo spinoff.
Before his stint at PayPal, Yahoo's new CEO was the Executive Vice President of technology solutions at Visa subsidiary Inovant. Bostock says that the new CEO will be focused on Yahoo's core business and will work closely with the Board. And according to Bostock, we might see more investments -- or even dispositions of assets -- in the new year.