Yahoo Ceo Replaced After Faking Computer Science Degree
Monday, May 14, 2012Omoba
Yahoo! made things official on Sunday, replacing CEO Scott Thompson amid a controversy over his resume. The All Things Digital website reported that Thompson’s imminent departure marks “what will be a dramatic end to a controversy over a fake computer science degree that he had on his bio,” and cited “multiple sources close to the situation.”
The website added that the company is expected to say that Thompson is leaving Yahoo! for “personal reasons,” and wrote that he likely will be replaced by the company’s global media head Ross Levinsohn, who recently ran its Americas unit, including its advertising sales.
The Yahoo! board earlier this month announced a review by a special committee of Thompson’s academic background as well as how much was known by those who hired him, amid pressure from an activist hedge fund.
The company has acknowledged an “inadvertent error” in the CEO’s online bio, which wrongly indicated that he had a degree in computer science.
The Yahoo! board earlier this month announced a review by a special committee of Thompson’s academic background as well as how much was known by those who hired him, amid pressure from an activist hedge fund.
The company has acknowledged an “inadvertent error” in the CEO’s online bio, which wrongly indicated that he had a degree in computer science.
The deal with hedge fund Third Point settles a pending contest over board seats. Amoroso replaces Roy Bostock, who has stepped down from his role as non-executive chairman "to accelerate the leadership transition for the new board," Yahoo said. Bostock had already been rumored to be on his way out.
The Internet Company named Ross Levinsohn interim CEO and Fred Amoroso chairman as it said it has reached an agreement with a dissident shareholder.
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