Yahoo chief executive Scott Thompson quits [View all]
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.