List year: 2005
Yahoo may be struggling to find its way now, but back in 2005, the company was on Fortune's hot list. Ranked number one that year on our Fastest-Growing Companies list, Yahoo was the company to watch. Since then, Yahoo has held on to valuable assets, but never really figured out how to streamline them, losing ground and market share over the years to search giant Google.
Part of the company's recent problems has been due to its trouble keeping leaders. The ungraceful departure of former CEO Scott Thompson, who was accused of lying on his resume, was only the most recent event in the HR soap opera.
Things at Yahoo are looking up, however. The company just hired former Google exec Marissa Mayer as its new CEO this past July. She may have a shot at creating a coherent rebound strategy for Yahoo to get it back on the growth list again.