Yahoo Executive Becomes LinkedIn CEO
June 24, 2009 by Mark Ellis
Filed under Business
Although he just left Yahoo Inc. a year ago in the middle of a messy battle between the company and an investor, Jeff Weiner has now signed on to become the new CEO of LinkedIn, a social networking website for professionals. Weiner joined LinkedIn in January as its interim president and has received the support of other LinkedIn executives.
Yahoo and Weiner parted ways when the company decided to get rid of some of its executives due to its proxy war with investor Carl Icahn. Microsoft offered to acquire Yahoo last year, but when Yahoo completely refused to entertain the offer, Icahn started the proxy war in order to remove Yahoo’s Board of Directors.
Weiner joins LinkedIn as the website continues to surge in popularity, with over 42 million members all over the world. The company’s outlook is optimistic for the rest of the year and next year, as it anticipates an increase in profitability as Weiner takes the reins.
Image: Flickr
