Saturday, February 17, 2018
Business

Tall task ahead for Yahoo's new CEO

SAN FRANCISCO — As president of eBay's PayPal unit, Scott Thompson used an eye for detail and a push into mobile payments to more than double revenue and boost the user base to more than 100 million. He'll face a bigger challenge as the new chief executive of Yahoo, a post he was named to Wednesday.

Thompson, 54, must lure users and advertisers back to a company besieged by declining sales and shrinking market share.

Thompson, whose past jobs include overseeing global technology for Visa, is an accountant and engineer who helped turn PayPal's online payments into eBay's fastest-growing business. Still, he may lack the advertising chops needed to reverse fortunes at Yahoo, once the largest Internet search provider, now an also-ran in search behind Google and a laggard in social media to Facebook.

"He's not a proven media executive," said Clayton Moran, an analyst at Benchmark Co. "Yahoo is an advertising-driven business. So I'm a bit surprised that they again went outside the industry to tap a new leader."

Thompson, who joins the company Monday, steps in after a failed turnaround effort by former Yahoo CEO Carol Bartz, who was fired in September after less than three years at the helm.

In an interview Wednesday, Thompson said he enjoys working through complex problems and breaking down the challenges to be tackled. Yahoo already has plenty of folks with experience in fields such as advertising, he said.

"My job is to leverage all of that talent, experience that exists in the organization already," he said. "I know there are some things we need to change and fix, and I love it. I think that's part of what attracted me to come here."

Thompson said his priorities at Yahoo are boosting revenue and putting the company at the forefront of innovation. Yahoo will turn its attention increasingly to mobile devices, such as tablet computers and smartphones, Thompson said. Rivals such as Facebook and Google likewise aim to take advantage of the shift to mobile computing.

"I just won't rest until we've positioned this business and start to succeed," Thompson said.

Comments
Trump administration recommends stiff penalties on steel, aluminum imports

Trump administration recommends stiff penalties on steel, aluminum imports

The Tampa arm of Brazilian steelmaker Gerdau S.A. was cautiously optimistic Friday after the Trump administration took a big step toward a policy Gerdau has been vocally advocating for — higher tariffs on imported steel. "We’re hopeful that President...
Published: 02/16/18
Facebook forges ahead with kids app despite expert criticism

Facebook forges ahead with kids app despite expert criticism

Associated PressNEW YORK — Facebook is forging ahead with its messaging app for kids, despite child experts who have pressed the company to shut it down and others who question Facebook’s financial support of some advisers who approved of the app. Me...
Published: 02/16/18
Inexpensive Tampa Bay homes gain the most value of any in U.S.

Inexpensive Tampa Bay homes gain the most value of any in U.S.

Owners of affordable homes in the Tampa Bay region are seeing the biggest gains in equity among the nation’s top 20 housing markets. A bay area home now worth $110,000 rose 20 percent in value over the past year while a house now worth $337,400 incr...
Published: 02/16/18
Amid CareerSource controversy, allegations of a love affair, big raises and family favoritism at the top

Amid CareerSource controversy, allegations of a love affair, big raises and family favoritism at the top

The anonymous letter described a possible love affair at the top of the local jobs center. President and CEO Edward Peachey was in a romantic relationship with top administrator Haley Loeun, it said.It described how Loeun was seen at a conference co...
Published: 02/16/18
Outback Steakhouse, Carrabba’s experimenting with takeout-only locations

Outback Steakhouse, Carrabba’s experimenting with takeout-only locations

Outback Steakhouse and Carrabba’s Italian Grill have become household names in casual dining. Now, their parent company, Tampa-based Bloomin’ Brands is taking the "dining" part out in a concept that it’s bringing to Tampa Bay for the first time. A ne...
Published: 02/16/18
Which Tampa Bay ZIPs had the priciest, least expensive and most house sales in 2017?

Which Tampa Bay ZIPs had the priciest, least expensive and most house sales in 2017?

If you bought or sold a house in Tampa Bay last year, you were a player in one of Florida’s hottest real estate markets.Even though prices eased a bit from their torrid pace in 2016, the median cost of a single family home shot up 11 percent. That’s ...
Published: 02/16/18
Florida’s liquor license lottery can make you a ton of money. So why is it such a secret?

Florida’s liquor license lottery can make you a ton of money. So why is it such a secret?

Every year, millions of people play the Florida Lotto. Their chances of winning are about as great as those of being struck by a comet. Fewer than 12,000 enter a much lesser known lottery that also is run by the state. Yet the odds of winning are vas...
Published: 02/16/18
Travel insurance company brings tree houses, beer kegs and creativity to former church

Travel insurance company brings tree houses, beer kegs and creativity to former church

ST. PETERSBURG — Neither the Lutherans who first occupied the 4300 block of Central Avenue, nor the evangelical congregation that followed could ever have imagined tree houses sprouting in their church sanctuary.Yet that’s one of the plans of new own...
Published: 02/16/18
Prosecutors drop drug case against ConnectWise co-founder David Bellini

Prosecutors drop drug case against ConnectWise co-founder David Bellini

TAMPA — ConnectWise co-founder David Bellini won’t be prosecuted on a drug trafficking charge filed by Tampa police this week, the Hillsborough State Attorney’s Office announced Thursday. The county’s top prosecutor instead applauded police for helpi...
Published: 02/15/18
Tropicana Field may be named for a Pepsi product, but it will now only serve Coke

Tropicana Field may be named for a Pepsi product, but it will now only serve Coke

ST. PETERSBURG — The Tampa Bay Rays’ stadium may be named for PepsiCo’s Tropicana orange juice, but that’s not stopping the baseball team from switching its pouring rights to Coke.The Rays said Wednesday the ballpark would begin serving Coca-Cola pro...
Published: 02/15/18