Yahoo CEO Steps Down Amid Resume Controversy
DETROIT (WWJ) – Yahoo CEO Scott Thompson has stepped down amid controversy over mentions on his resume and in regulatory filings of a computer science degree he never received.
The Wall Street Journal’s cited “multiple” unnamed sources close to the situation, reporting that the Internet giant will say Thompson is stepping down for personal reasons.
“Executive Vice President Ross Levinsohn is taking over as interim CEO; he has more than enough experience. He did a bang-up job for Rupert Murdoch as head of Fox Interactive and he’s been waiting for a chance to run an entire show somewhere,” said WWJ Tech Editor Matt Roush.
Roush says it’s going to be a daunting challenge for Levinsohn: “If he can resurrect this company – in many ways Yahoo was the first dot com blue chip, back in the hayday of the 90s but it’s fallen farther than anyone else afer it sort of lost ‘search’ to google and lost everything else to other companies.”
Daniel Loeb, an activist shareholder and vocal critic of Yahoo’s management, discovered Thompson’s resume discrepancy and has demanded that Thompson be fired.