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Yahoo may alter cashback plans under new boss Mayer
Published: 9th Aug 2012 22:06:38
Technology firm Yahoo has signalled it may alter plans to return money to shareholders under new chief executive Marissa Mayer.
Ms Mayer is currently engaging in a strategic review of the company's business.
The firm said this review "may lead to a re-evaluation of, or changes to, our current plans, including our restructuring plan".
She recently joined Yahoo as a surprise hire from rival Google.
Yahoo had - under previous chief executives - promised to return cash to shareholders from a recent deal.
In May, Yahoo reached a deal with Alibaba Group to sell half of its 40% stake in China's biggest internet company for $7.1bn (£4.5bn).
Ms Mayer, 37, is the firm's third chief executive in the space of a year.
Yahoo has struggled in the face of increased competition from internet search rivals including Google, and the emergence of social giants such as Facebook.
While Yahoo still has a market capitalisation of $19bn, Google is valued at more than $180bn.
Harvard Citation
BBC News, 2012. Yahoo may alter cashback plans under new boss Mayer. [Online] (Updated 09 Aug 2012)Available at: http://www.manchesterwired.co.uk/news.php/1445456-Yahoo-may-alter-cashback-plans-under-new-boss-Mayer [Accessed 19th June 2013]
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