After months of searching, Yahoo announced its new CEO (http://techcrunch.com/2012/01/04/yahoo-scott-thompson-ceo/) this morning: Scott Thompson, former president of PayPal. The market's initial reaction? Yahoo shares are trading (http://finance.yahoo.com/q?s=yhoo&ql=1) down 2 percent from yesterday's close of $16.29 as the market absorbs the news and tries to make sense of it.
Thompson is an operator and a technologist. That might just be what Yahoo needs at this point. We'll see if the market reacts more positively to his remarks during a conference call which is just about to start.
More soon.
TechCrunch