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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, fantasy leagues, maps, e-mail, and shopping 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 $4.68 billion for 2013, down 6% from the previous year. Net income for 2013 was $1.37 billion. Display ad revenue was down 9% from the prevoius year. Former Google Vice President Marissa Mayer took over as CEO of Yahoo in July 2012. Yahoo bought blogging service Tumblr in 2013 for $1.1 billion and has acquired more than a dozen other startups mostly involved in mobile apps and services. Journalist and talk show host Katie Couric joined Yahoo as Global Anchor in January 2014. 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. 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, was named CEO of Yahoo in January 2012 but resigned in May 2012 after his resume incorrectly listed a computer science degree. 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. New CEO Marissa Myers said Yahoo will provide free meals to all employees at its headquarters, similar to the well-known perk at Google. Updated February 13, 2014 |