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Yahoo Looking For New Board Members

January 13th, 2012 admin

Yahoo Inc is looking for new members for its board of directors after it hired a new chief executive, according to a person familiar with the matter.

The new CEO of Yahoo, Scott Thompson, will receive a compensation package that could be worth as much as $27 million.

Thompson, the president of eBay online payment division PayPal, would be joining Yahoo as its new CEO and replaces Carol Bartz, who was fired from the top job at Yahoo four months ago.

Yahoo’s board that includes co-founder Jerry Yang and Chairman Roy Bostock has come under heavy criticism from several large shareholders.

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