Ebay Boss John Donahoe To Serve PayPal?s Interim President

Yahoo just announced PayPal President Scott Thompson as its new CEO. That obviously leaves a hole at PayPal as Thompson was currently serving in that role. Well, now that he's leaving and officially starts at Yahoo on January 9, ebay's current CEO will step up and also serve as PayPal's president. He announced the move this morning in an internal PayPal memo (embedded below) where he also wished Scott the best. Donahoe and the rest of PayPal's board now has the large task of replacing Scott Thompson. PayPal's outgoing president oversaw PayPal during a period of massive growth. The company went from 50 million users to 104 active users during his tenure. Thompson, who previously served as PayPal's CTO, is said to be a geek at heart, which no doubt helped the company's focus to improve online transactions with innovated technologies. However, this could be an opportunity for rebirth at PayPal. While the company saw huge growth, they also experienced a backlash in the wake of bad publicity and company practices. PayPal needs a new image -- and now, a new president.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/tOBtFL_35Sg/

hes just not that into you hes just not that into you monta ellis kawasaki disease mega millions emma stone texas longhorns