Yahoo

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Headquarters: 2145 Hamilton Avenue San Jose, CA 95125 Employees: 13,600 CEO: Jerry Yang Stock Symbol: YHOO Website: http://www.yahoo.com Career Site Yahoo is one of the world's leading Internet properties and search engines. Headquartered in Sunnyvale, CA., Yahoo's global network includes 25 world properties and is available in more than 20 languages. Yahoo is a leading Internet brand that provides much more than a search engine. Yahoo offers stock quotes, news, maps, e-mail, shopping, web hosting and domain names. The company's sites receive more than 110 billion page views per month from over 500 million users. Yahoo also operates Internet recruting site HotJobs and Flickr photo service. In 2007, the company reported revenues of $6.9 billion, up 7% from the previous year, and net income of $660 million. The company announced it would cut 1,000 jobs or about 7% of its workforce and focus on its core search, sports, finance and news sections. 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. 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. Health Care ­ Yahoo offers health care coverage for employees and their eligible dependents. Domestic partner coverage is also available as a taxable benefit. Medical Insurance ­ 3 plan choices offered include: Aetna PPO, Open Choice; Aetna EPO, Elect Choice; and Kaiser HMO (CA employees only). Dental Insurance ­ Delta Dental - (DPO) with 100% preventative care coverage plus orthodontia for adults and children. Vision Insurance - Vision Service Plan (VSP): One exam and frames/lenses per year. Pre-Tax Savings Programs ­ Yahoo offers employees two Flexible Spending Account options which includes Medical Spending and Dependent Care spending accounts. Income Protection ­ Basic life insurance/AD&D is provided to all employees at no cost (of 2 times their annual salary). Additional voluntary life insurance (available for dependents as well) can be purchased at group rates. In addition, company paid short-term disability (STD), and long-term disability (LTD) coverage is also provided. Other Benefits - Backup Childcare, Educational Reimbursement, Matching Gift Program, Health Club Benefit, Game Room, Y! Mart, discount movie passes, on-site ATM machine, On-Site Dental, and free sodas and lattes. Updated January 30, 2008