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Website: http://www.yahoo.com Yahoo is one of the world's leading Internet properties and search engines. Headquartered in Sunnyvale, CA., Yahoo's global network is available in 25 languages and more than 50 countries, regions and territories. Yahoo is a leading Internet brand that provides stock quotes, news, sports scores, maps, e-mail, shopping, web hosting and domain names. In 2010, Yahoo replaced its search engine technology with Microsoft in a partnership with the company. Yahoo also operates the Flickr photo service. The company reported revenues of $4.98 billion for 2011, down 21% from the previous year. Net income for 2011 was $1.06 billion. Yahoo, AOL and Microsoft announced agreements in 2011 to allow ad networks operated by the three companies to offer each other's premium nonreserved online display inventory to their respective advertising customers. Scott Thompson, formerly the President of PayPal, took over as the new CEO of Yahoo in January but resigned in May after his resume was discovered to incorrectly listing a computer science degree. Ross Levinsohn was named interim CEO by Yahoo. Yahoo co-founder and former CEO Jerry Yang also left the company early in 2012. History Yahoo was founded by David Filo and Jerry Yang, who were Ph.D. candidates at Stanford when they began building their guide to the new World Wide Web in 1994. What began as a way of keeping track of their personal interests on the Internet soon grew into a customized database serving the needs of thousands of growing numbers of users. Filo and Yang developed customized software to help efficiently locate, identify and edit material stored on the Internet and before long, they were spending more and more time on Yahoo (and less time on their Ph.D.s). Yahoo would go public in 1996 and would become one of the best-known Internet companies in the world. The term Yahoo supposedly comes from the book Gulliver's Travels. The unique and easy-to-remember name has been a major factor in its success. In 2003, the company held a national yodeling contest with the winner yodeling Yahoo in a national TV commercial. Microsoft announced a $44 billion unsolicited bid for Yahoo in 2008 but pulled the offer when the companies could not come to an agreement. Then Yahoo CEO Jerry Yang sought a higher price for the company but Microsoft decided against a higher offer. The company sold HotJobs, its recruiting website, to Monster Worldwide in 2010 for $225 million. Benefits The following benefits apply to California employees. Stock Options/ Employee Stock Purchase Plan Employees may invest in Yahoo stock through payroll deductions. Employees pay only 85% of market value for the stock. 401K (with company match) The Yahoo 401(k) Plan is designed to help employees plan for their future. Eligible employees contributions are made on a pretax basis. Yahoo matches 25% of employee contributions up to the IRS maximum. Vacation
Vacation accrual is based on tenure with the company. Employees
accrue 2 weeks in year one, 3 weeks in year two, and an additional
day for each year worked thereafter. In addition, there are 12
paid holidays year. Updated May 15, 2012 |