YAHOO Chairman Supports CEO Bartz &Nbsp, Saying That The Company Is Developing In The Right Direction.

June 24th, according to the Wall Street journal.

Bostock said.

Bostock made this comment when people made many conjectures about the future of YAHOO.

Bartz became chief executive of YAHOO in January 2009 to lead YAHOO to turn the tables.

Although Bartz has increased YAHOO's profits, YAHOO's revenue growth has stagnated, partly due to a decline in YAHOO's Internet search market share.

YAHOO also faces early financial difficulties in its 10 years of cooperation with Microsoft. Microsoft will drive YAHOO website search in this cooperation.

Therefore, Bartz's future in YAHOO is being questioned.

During the shareholders' meeting, Bartz did not respond directly to a comment by a shareholder representative.

The shareholder representative asked YAHOO to consider replacing Bartz, and pointed out that YAHOO was already looking for Bartz's successor.

Bartz responded by saying that this is a frustrating thing.

According to people familiar with the matter, YAHOO has no official or informal color Bartz's successor.

At the shareholders' meeting, Bostock also said that after YAHOO focused on the "major digital media companies in the world", YAHOO now has a "clear road".

"The world's major digital media company" is a term put forward by YAHOO executives last year. Bartz has been criticized for his lack of a clear definition of YAHOO's purpose and task in its early stage.

Bartz said at the shareholders' meeting that YAHOO has doubled its profits and reduced its annual expenses of $1 billion 100 million. Bartz also stressed YAHOO's efforts to enter the online video industry.

It shows that the audience of YAHOO's 20 video programs has exceeded the Hulu audience.

YAHOO has expressed interest in acquiring Hulu, according to people familiar with the matter.