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'Troubled' Yahoo may alter plans to return shareholders' money under new boss Mayer

London, Fri, 10 Aug 2012 ANI

London, Aug 10 (ANI): Embattled Internet firm Yahoo has suggested that it may alter plans to return money to shareholders under newly appointed chief executive Marissa Mayer.

Mayer, a formal Google executive, is currently engaging in a strategic review of the company's business.

Yahoo said this review 'may lead to a re-evaluation of, or changes to, our current plans, including our restructuring plan,' the BBC reports.

The firm, under previous chief executives, promised to return cash to shareholders from a recent deal.

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.

The troubled company saw CEO Scott Thompson stepping down in May, after accusations that he put a fake computer degree on his CV.

Later in September 2011, CEO Carol Bartz was fired after two-and-a-half years in the post. (ANI)


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