Yahoo Names New Interim CEO, Board Chairman

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:

Yahoo just announced that chairman Fred Amoroso will step down in June. We've communicated with three Yahoo sources since the news broke. Given what they told us, we think this why Amoroso is out:

By TechCrunch: By Ingrid Lunden

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

The biggest sector in New York tech remains ad tech. One of the biggest names in New York ad tech is Michael Barrett.  He made his name running ad sales at MySpace (back when that was still a big deal).