Yahoo Names New Interim CEO, Board Chairman

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

Former Yahoo interim CEO Ross Levinsohn thinks the deal struck Monday between Microsoft and AOL is exactly the kind of move Yahoo should have made when he was there.

Groupon co-founder Andrew Mason has been fired as the daily-deal company's CEO, one day after Groupon posted financial results that showed it lost $67.4 million during 2012. Board chairmen Eric Lefkofsky and Ted Leonsis will jointly fill the CEO post on an interim basis.» E-Mail This     » Add to Del.icio.us