Close

Yahoo!'s (YHOO) CEO Scott Thompson Set to Step Down

May 13, 2012 2:43 PM EDT
Yahoo!'s (Nasdaq: YHOO) embattled CEO Scott Thompson will step down following the controversy surrounding him after it was discovered that he fabricated having a computer science degree, AllThingsD reported.

In addition to Thompson stepping down, the company is close to a settlement with activist investor Dan Loeb of Third Point Capital. Loeb discovered and made public Thompson's inaccurate eduction credentials.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot List, Hot Mgmt Changes, Management Changes

Related Entities

Daniel Loeb, Third Point LLC