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Thursday, January 5, 2012
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Yahoo names PayPal exec as its CEO BARBARA ORTUTAY AP Technology Writer
State Representative Lynn Wachtmann testifies during a Health, Human Services & Aging Committee hearing about H.B. 125, also known as the heartbeat bill, Wednesday, Dec. 7, in Columbus.
‘Heartbeat’ bill sponsor clarifies some confusion so I just take responsibility for it because it’s my bill.” His letter also contained legal background about the revisions from David Forte, a law professor at Cleveland State University who helped write the heartbeat measure. Forte said the revisions were born out of conversations he had with senators, who he said wanted to strengthen the legislation. Asked whether the office mix-up caused the Senate leader to suspend hearings, Wachtmann said, “In the end, I’m not 100 percent sure. But I wanted to clarify what happened and why it happened.” Wachtmann said he had a “positive” conversation with Niehaus about the bill before Christmas. Some suggested revisions would align the bill with other abortion measures and court rulings. One adjustment clarifies that a physician should use appropriate means of detecting the heartbeat, not a specific test. Physicians would be required to note the method, date and time of the test, and results on the woman’s medical records. The heartbeat bill passed the Republicancontrolled Ohio House in June. It had been stalled in the GOP-led Senate for months, until initial hearings got under way in the beginning of December. Supporters of the Ohio measure hope to provoke a legal challenge and overturn the U.S. Supreme Court’s 1973 Roe v. Wade ruling that legalized abortion in the United States. The ruling upheld a woman’s right to an abortion until the fetus is viable outside the womb, usually at 22 to 24 weeks. The fate of the heartbeat measure remains unclear. Niehaus said in a recent interview with the AP that he’s asked Senate health committee members to review the amendments, and recommend what to do next with the bill. Gov. John Kasich, an abortion opponent, has not indicated whether he would sign the bill.
The company logo is displayed at Yahoo headquarters in Sunnyvale, Calif. COLUMBUS — The Yahoo Inc., confirmed Wednesday, it has picked PayPal chief Scott Thompson as sponsor of an Ohio bill its next CEO. that would impose the naeral potential suitors, in- “Payments and ads are in more than three years. tion’s most stringent aborcluding China’s Alibaba not the same thing,” he Yahoo stock price stood at tion limit has taken Group, which may part- said. $15.85, down 44 cents in responsibility for some ner with private equity While PayPal was ex- Wednesday’s afternoon confusion over proposed changes to the measure firms in a joint bid. tending its lead in online trading. Wednesday’s announce- payment processing, Despite his misgivings that caused hearings on ment signals that Yahoo Yahoo’s revenue has been about Thomson’s online the bill to be suspended is not looking to sell the dwindling at a time when advertising inexperience, last month. A Dec. 15 letter written entire company. advertisers have been Gillis applauded the exby state Rep. Lynn WachtBartz, too, was hired to funneling more money ecutive for a “a good run” sheds new light on mann help turn Yahoo around into the Internet. Ana- at PayPal. the sudden hold that was but she had no experi- lysts estimate Yahoo’s “He’s certainly going to put on the divisive legislaence in Internet advertis- revenue totaled $5 billion have an opportunity to tion dubbed the “hearting — Yahoo’s main last year, down from $7 prove himself,” he said, beat bill.” Backers had revenue source. This im- billion in 2007. Thanks adding that it “remains to it was headed tobelieved mediately raised doubts largely to cost-cutting be seen how desirable ward passage before the about her qualifications. measures imposed by this job was. Thompson, 54, also Bartz, Yahoo has become “Whoever steps in this holiday break. In the letter obtained lacks any background in more profitable. Analysts role is not going to have by The Associated Press, media or online advertis- estimate Yahoo earned an easy time,” Gillis said. told the Wachtmann ing. He was PayPal’s chief nearly $1.1 billion last Yahoo’s stock fell 38 leader of the Ohio Senate technology officer before year, up from $660 mil- cents, or 2.3 percent, to that “miscommunication” he became the payment lion in 2007. $15.91 in morning tradservice’s president four But the lack of revenue ing following the an- with his office resulted in the revisions reaching years ago. Under Thomp- growth has disappointed nouncement. son’s leadership, PayPal’s investors, a letdown that Shares of eBay, mean- only the vice chairman of revenue more than dou- has been aggravated by while, dropped $1.21, or the Senate’s health combled, rising from $1.9 bil- Yahoo’s squandered op- 3.9 percent, to $30.13. mittee, and not the chairlion in 2008 to an portunity to sell the en- Gillis, though, said man who was conducting estimated $4.4 billion tire company to Microsoft Thompson’s departure the hearings. “I would like to take full last year. Corp. for $47.5 billion, or won’t hurt eBay. responsibility for the conBut Thomson will be $33 per share, in May “PayPal is much bigger fusion that has recently grappling with a much 2008. Microsoft withdrew than any one individual,” ensued with respect to the different business at that offer when Yahoo he said. “Some new blood amendments offered for Yahoo, said BGC Part- balked, and Yahoo shares may even help reinvigobill, and I apologize this ners analyst Colin Gillis. haven’t traded above $20 rate it.” for any inconvenience,” wrote Wachtmann, a You’re invited Napoleon Republican. AP obtained a copy of his letter through a public records request. Senate President Tom TIPP CITY — The theme for the January luncheon Niehaus halted hearings after losing his first bid for of the Troy-Tipp Women’s Connection is “A Journey of on the bill on the last a Life Time.” Georgia’s governor in 1966, The group will meet from 12-1:45 p.m. Jan. 11, at scheduled day of the 2011 and said his wife Rosalynn legislative session, saying went through a rough the First Baptist Church on the Corner of Tipp lawmakers needed more patch when he lost to Cowlesville Road/Evanston Road, Tipp City. The feature will be Kimberly Dunn of Covington. time to weigh the roughly Ronald Reagan in 1980. 20 amendments proposed Music will be presented by Pat Trostle of Troy. But he said he retrenched by bill supporters. Speaker will be Sandi Lemmon from Toledo on “Conduring those dark times Niehaus, a New Richmond and worked to remind him- fessions of a Work-a-holic.” Republican, had said the A complimentary nursery will be provided if reself of the role religion has quested. Nursery is located at the Nazarene Church “eleventh hour” changes to played in his life. the bill were creating un“If there is no basis for on State Route 55 near I-75. certainty about an already All ladies are invited to attend the luncheon, cost is our faith … then how do we account for the presence of $12.50 inclusive. Reservations must be made by Sat- contentious issue. The heartbeat bill Jesus Christ in hundreds of urday by calling Nancy at 339-7859 or Joan at 335would outlaw abortions at millions of lives across the 3001. the first detectable fetal globe?” he wrote in the Women’s Connection’s are affiliated with Stonecroft book. “How could Jesus still Ministries, with headquarters in Kansas City, Mo. heartbeat — sometimes as be alive to me? How could There are no dues for membership and all ladies are early as six weeks into pregnancy. so many hearts be touched welcome to enjoy a relaxing time out. Wachtmann said in an and minds stimulated by Jesus to seek ultimate interview the purpose of truths about life and the his letter was to set the world around us?” record straight about His book casts some poFLETCHER — The Fletcher United Methodist where the suggested litical debates with reli- Church will offer a free class at 10 a.m. Tuesday, Jan. amendments originated. gious overtones. He 17, presented by Beth Helke, Social Services Coordi“My understanding was condemns the Patriot Act nator from Hospice of Miami County on Advanced Di- that somebody was taking and waterboarding, writing rectives. the amendments over to that Christians “cannot The event will be held in the church sanctuary. The the chairman’s office, but keep silent just because the title of the program will be “Choices — Living Well at that didn’t get done,” injustice doesn’t affect our Wachtmann said Tuesday. own families or friends.” the End of Life.” This workshop is designed to walk at- “I’m not going to play tendees through the process of arranging Advanced DiAnd he said it would be games over who should “foolish” for the devout to rectives for the end of the life care. Topics will include have done it or didn’t do it, living wills, Ohio’s health care power of attorney, Ohio’s deny global warming. “While we may disagree do not resuscitate law, and the hospice choice. There on the causes or rate of will be ample opportunity for questions and answers as global warming, shouldn’t well. Hospice of Miami County has been the local Hospice we all agree that we have a responsibility to take care for nearly 30 years and serves the greater Miami County area. For more information, call Sue Hart at More Than Just A of the Earth?” Pain Phlebitis Carter is also candid 339-4185. about some of his shortHeaviness/Tiredness Blood Clots comings, such as his lack of Ankle Sores Burning/Tingling patience, his penchant for /Ulcers Swelling/Throbbing jealousy and his fights with Bleeding Tender Veins his wife over trivial issues. If you have any of the above, One year, when he forgot there are effective treatment options, covered by insurances. her birthday, he hastily scrawled out a note to give Midwest Dermatology, to her, and it turned out to Laser & Vein Clinic be one of her favorite gifts. Springboro, OH Tel: 937-619-0222 It read: “I promise that I Troy, OH Tel: 937-335-2075 will never make another Miami Valley Centre Mall, Piqua Call Today For A Visit With a Vein Specialist unfavorable comment Physician. No Referral Needed Monday-Saturday 10-9, Sunday 12-6 937-773-0950 about tardiness.”
Carter offers lessons in faith ATLANTA (AP) Jimmy Carter may never have been president if he didn’t go square dancing. The Georgia Democrat credits a rural square dance club he joined in 1953 with helping him win a state Senate seat by a scant 66 votes. “If I hadn’t received support from our square-dancing friends, I would have lost and never become a state senator,” he wrote in his latest book, “Through the Years with Jimmy Carter.” ”And if that had occurred, I never would have run for office again.” Carter has penned 26 different books, including childhood memoirs, treatises on the Middle East and accounts of his presidency. But none are like his latest, which offers 366 devotionals, each with a biblical passage, a personal story and an original prayer. The one-page items are sprinkled with lessons Carter gleaned from more than 30 years of teaching Sunday school classes and anecdotes from his country upbringing to his ascent to the White House and beyond. “The totality of my teaching presents a view of a lay person. I’m not a theologian,” he said in an interview. “I’m extracting real messages from the Bible or from Christian faith that apply to daily existence and that’s applicable whether you’re a farmer, a journalist, a lawyer, a teacher or a political office holder.” In the book, Carter is open about struggles over his own faith. He writes that he felt “despondent and alienated from God”
ANN SANNER Associated Press
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NEW YORK (AP) — Yahoo Inc. has named Scott Thompson, president of eBay Inc.’s PayPal division, as its CEO, the fourth one in less than five years for the struggling Internet company. which anYahoo, nounced its choice Wednesday, has been without a permanent CEO since early September. It fired Carol Bartz after losing patience with her attempts to turn around the company during her 2 ½ years on the job. Tim Morse, Yahoo’s chief financial officer, has been interim CEO since Bartz’s ouster. Thompson has served as president of PayPal, eBay’s online payment service, since January 2008. He previously served as PayPal’s senior vice president and chief technology officer. Yahoo said Thompson’s new job starts on Jan. 9. Morse will return to his CFO post. Yahoo Chairman Roy Bostock said Thompson’s track record of building on existing resources “to reignite innovation and drive growth” is “precisely the formula we need at Yahoo.” It will be a big task. Yahoo, which is based in Sunnyvale, Calif., has been losing ground in the fast-growing Internet advertising market to Google Inc. and Facebook Inc. for years. Mainly for this reason, its stock price has not topped $20 for the past three years. Yahoo’s board has been reviewing a possible sale of all or part of the company since Bartz’s ouster last fall. There are sev-
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