Sun May 13, 2012, 06:00 PM
alp227 (23,085 posts)
Yahoo chief executive Scott Thompson quits
Source: The Guardian
Yahoo's chief executive Scott Thompson quit on Sunday as the struggling web giant sought to defuse a row over an allegedly fake computer science degree on his CV.
After a board meeting on Sunday morning the company announced that Thompson, who has led the internet services firm for less than six months, would be replaced by Ross Levinsohn with immediate effect. Levinsohn is a former News Corp executive who presided over the Murdoch-controlled media firm's ultimately disastrous purchase of MySpace in 2005.
Yahoo said Roy Bostock, the Yahoo chairman, would also leave and be replaced by Fred Amoroso, a veteran technology executive.
Thompson has been under pressure since activist shareholder Daniel Loeb of the hedge fund Third Point claimed that Thompson had misrepresented his degree.
Read more: http://www.guardian.co.uk/technology/2012/may/13/yahoo-chief-scott-thompson-quits
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Yahoo chief executive Scott Thompson quits (Original post)
|Amster Dan||May 2012||#5|
|Amster Dan||May 2012||#4|
Response to tinrobot (Reply #1)
Sun May 13, 2012, 06:30 PM
muriel_volestrangler (68,806 posts)
3. He had a degree, but in accounting
Maybe he thought he'd be accepted better at technology companies if it looked as if he'd been interested in computing right from his teens (which, of course, Jobs and Gates clearly were - too interested in new developments to spend time in traditional universities).
Replacing him with the man who purchased MySpace doesn't look like a world-beating move, I have to say.
"Nothing is terrible except fear itself" - Francis Bacon, 1623