Ex Yahoo CEO Scott Thompson (Source: sfgate.com)
Just after four months on the Job, the Chief executive officer of Yahoo, Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, the third CEO to leave the company in just three years.
“Scott Thompson, former Chief Executive Officer, has left the Company,” Yahoo! statement notes. “The Board of Directors has named Ross Levinsohn as interim Chief Executive Officer, effective immediately.”
According to reports, the move is a victory for hedge fund manager Daniel Loeb of Third Point LLC, which is Yahoo’s largest outside shareholder, Daniel was the one that brought the discrepancy in Thompson’s educational background to light.
Yahoo was not immediately available for comment. Emails sent to Thompson’s official Yahoo email address were already bouncing back on Sunday morning.
A “Wall Street Journal” report claims that Mr Thomson told the Yahoo! board last week that he just discovered he has thyroid cancer. He had previously asserted that he never made any claim about having a computer science degree and argued that he had not provided Yahoo! with a resume. But evidence arose that discredited those claims.
According to sources, Thompson’s departure from Yahoo! was finalized over the weekend, the interim CEO will take over with immediate effect
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