Yahoo! CEO Scott Thompson Stepping Down After Resume Scandal
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Yahoo! CEO Scott Thompson is stepping down from the company. Ross Levinsohn will become the interim CEO at the company. Thompson is stepping down amidst a controversy revolving around his online resume. His bio on Yahoo!’s and former employer eBay said that he had a computer science and accounting degree when it was actually only in accounting. When the official announcement is made, he will likely cite “personal reasons” for stepping down. Yahoo!’s board of directors are going to reach a settlement with Dan Loeb, the shareholder that discovered Thompson’s degree was fake. Fred Amoroso will be named chairman of Yahoo!’s board and the five directors on Yahoo!’s board will step down immediately.