Friday, July 27, 2012

Scott Thompson to step down as Yahoo CEO amid fake degree scandal

Scott Thompson to step down as Yahoo CEO amid fake degree scandal: WSJ | FP Tech Desk | Financial Post: Yahoo! Inc. Chief Executive Officer Scott Thompson, hired in January, stepped down after his academic credentials were misrepresented and the company agreed to realign its board to end a proxy contest with shareholder Third Point LLC. Ross Levinsohn, the web portal’s head of global media, will become interim CEO and Fred Amoroso will become chairman, the Sunnyvale, California-based company said today in a statement. Amoroso replaces Roy Bostock, the non-executive chairman who agreed to step down immediately from the board.