Sun, 05/13/2012 - 17:55 EDT - NPR - National Public Radio (Business News)
Yahoo says CEO Scott Thompson has left the company. Thompson has been under fire for more than a week over mentions in his resume and company filings of a computer science degree he did not earn.» E-Mail This» Add to Del.icio.us
by Dan Loeb:Third Point LLC, owners of 5.8% of Yahoo! (YHOO) shares, sent the following letter today to the Yahoo! Board of Directors:May 3, 2012Board of Directors Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089Dear Board of Directors:
This morning, Twitter sent a not-very-coded message to shareholders that it would not allow Jack Dorsey to be its permanent CEO unless he stepped down from Square. In a statement, the company said that it needed somebody who could make a “full-time commitment to Twitter.”
When Marissa Mayer became the CEO of Yahoo in 2012, famed Silicon Valley venture capitalist Marc Andreessen told her the best way to fix the company would be to fire thousands of employees right away and all at once. Mayer never took his advice.
Yahoo Inc. has named Scott Thompson, president of eBay Inc.'s PayPal division, as its new CEO. The struggling Internet company fired Carol Bartz as its chief executive officer in September after losing patience with her attempts to turn around the company during her 2 1/2 years on the job.» E-Mail This » Add to Del.icio.us