[QODLink]
Americas
Yahoo chief executive steps down
Ross Levinsohn will temporarily replace Scott Thompson, who stepped down over controversy about allegedly inflated CV.
Last Modified: 14 May 2012 11:35
Thompson became the head of Yahoo in January, after previously serving with online payments firm Paypal [AP]

Yahoo has said Ross Levinsohn will temporarily replace chief executive Scott Thompson, who stepped down in the face of controversy about his allegedly inflated CV.

The California-based company said Fred Amoroso would take over as head of the board of directors as the struggling Internet pioneer seeks its fifth new chief in as many years.

Amoroso was the board member leading the investigation into inaccuracies on Thompson's CV and Levinsohn is Yahoo's head of global media.

Third Point, the hedge fund that owns a six per cent stake in Yahoo, has pushed for the changes. Third Point CEO Dan Loeb and two of his nominees will join Yahoo's board. Four directors who had planned to retire at the annual meeting will step down immediately.

Thompson has been under fire for more than a week over mentions in his CV and company filings of a computer science degree he did not earn.

Yahoo has already acknowledged that Thompson, who took up his post in January, does not have a computer science degree. Thompson was previously the president of online payments firm Paypal.

The error over Thompson's incorrect biography earlier claimed its first casualty, Patti Hart, the Yahoo director who oversaw the search that culminated in his hiring.

Hart is to step down at Yahoo's still unscheduled annual meeting later this year.

Source:
Agencies
Topics in this article
People
City
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
Absenteeism among doctors at government hospitals is rife, prompting innovative efforts to ensure they turn up for work.
Marginalised and jobless, desperate young men in Nairobi slums provide fertile ground for al-Shabab.
The Khmer Rouge tribunal is set to hear genocide charges for targeting ethnic Vietnamese and Cham Muslims.
'I'm dying anyway, one piece at a time' said Steve Fobister, who suffers from disabilities caused by mercury poisoning.
The world's newest professional sport comes from an unlikely source: video games.
join our mailing list