Yahoo may alter cashback plans under new boss Mayer

  • 9 August 2012
  • From the section Business
Marissa Mayer file picture
Image caption Marissa Mayer's basic salary will be $1m a year

Technology firm Yahoo has signalled it may alter plans to return money to shareholders under new chief executive Marissa Mayer.

Ms Mayer is currently engaging in a strategic review of the company's business.

The firm said this review "may lead to a re-evaluation of, or changes to, our current plans, including our restructuring plan".

She recently joined Yahoo as a surprise hire from rival Google.

Yahoo had - under previous chief executives - promised to return cash to shareholders from a recent deal.

In May, Yahoo reached a deal with Alibaba Group to sell half of its 40% stake in China's biggest internet company for $7.1bn (£4.5bn).

Ms 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.

While Yahoo still has a market capitalisation of $19bn, Google is valued at more than $180bn.

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