Yahoo CEO mulling possible changes in strategy

Published August 9, 2012 10:39pm ET



SAN FRANCISCO (AP) — Recently hired Yahoo CEO Marissa Mayer may scrap the Internet company’s plan to reward its long-tormented shareholders with a multibillion-dollar payout later this year, underscoring the uncertainty accompanying new leadership.

The unexpected twist disclosed in regulatory documents filed Thursday after the stock market closed caused Yahoo shares to drop more than 3 percent in extended trading.

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