Yahoo close to naming a new CEO


Inside sources are telling (subscription required) The Wall Street Journal that Yahoo (NASDAQ: YHOO) could make a decision on a new CEO as soon as next week. Former Autodesk (NASDAQ: ADSK) CEO Carol Bartz is mentioned as a candidate. No additional names are publicly available right now, although the company is believed to be leaning toward bringing in someone from outside the company.

Ms. Bartz still serves as chairman of Autodesk, where she was CEO from 1992 to 2006. Here's what makes her an interesting possible choice: since the beginning of 2005, shares of Autdesk have lost about one-third of their value. Given the tremendous amount of trouble that Yahoo has had in providing shareholders with returns over the past few years, you'd think they'd want to bring in someone fresh off of a winning streak of shareholder value.

At 60 years old, Ms. Bartz also seems like a strange choice for leading the company into the new era of the internet where more nimble rivals like Google (NASDAQ: GOOG) are taking market-share.

Still, it's possible that Yahoo insiders see her as a possible short-term solution to get the company back on stronger footing, and perhaps prepare it for a sale.

I think most Yahoo shareholders are probably hoping for something more exciting.
Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 08:17 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1329139033137 ms.