Yahoo CEO Resigns After the Scandal of Their False Curriculum
Internet company Yahoo announced today that Ross Levinsohn, senior vice president and global head of media division of the group, will take over as CEO on an interim basis following the resignation of Scott Thompson.
“Levinsohn will replace Scott Thompson, former CEO, who has left the company,” Yahoo said in a statement, which did not give details.
Thompson, in office since January, has been embroiled in a scandal last week after coming to light that the curriculum presented for the post included two degrees, one of which was not completed.
The company, based in California, has also announced that Fred Amoroso will be the new chairman of the board of directors in place of Roy Bostock, who resigned from his duties as executive chairman to ease the transition.
“As CEO, Levinsohn will manage the daily operations of the company with the help of experienced leadership team already in Yahoo,” said the company, said the appointments are effective immediately.
Levinsohn joined the company in 2010 and before his current position was executive vice president of Yahoo for the Americas, to oversee business, advertising sales, agreements, and the contents of the company in the continent.
Replaced on an interim basis to Thompson, who took office in January with a mission to rescue the company, which is in deep crisis because of their inability to cope with competition from Google and Facebook.
Back one week left to speculation after coming to light that Thompson could be accessed by crediting a BS in Accounting and one in Computer Science, you missed.
The irregularity was discovered by the main shareholder in Yahoo, Third Point, which controls 5.8 percent of assets and cease called Thompson and Patti Hart, the executive who oversaw hiring.
Third Point has long maintained a tense relationship with the leadership of the company shares in a struggle for power and influence in the Council.
In fact, it has made its CEO, Dan Loeb, and two of its candidates, Larry Wilson and Michael Wolf, enter part of the Yahoo board starting next May 16.
Yahoo blamed the false Thompson’s resume, official credentials filed with the Securities and Exchange Commission of U.S., an “honest mistake”.
The company also defended the errors of the curriculum “is not in any way alter the fact that Mr. Thompson is a highly qualified executive with a track record of success in front of large technology companies.”
In a letter sent by the CEO of Yahoo employees on Monday night, Thompson apologized for “how this issue has affected the company,” but did not clarify the question about why his resume had been exaggerated.
Sources of technology portal specializing in All Things Digital reported this week that Thompson believes this scandal lies a “personal vendetta”.
Thompson’s entry in Yahoo was intended to be a catalyst for the company, which since 2007 has had 5 different CEO, Terry Semel, Jerry Yang, Carol Bartz, Tim Morse (acting) and Thompson.
Since coming to office, Thompson has laid off about 2,000 workers and planned to reduce by 50 percent the services offered by Yahoo.
Before coming to Yahoo, Thompson had headed the group’s PayPal division of eBay and false degree contained in your resume since at least 2004.
Category: Business News
