Scott Thompson, former Yahoo CEO, is replaced by Ross Levinsohn (Image: AdMove2010 (CC) via Flickr)
Yahoo replaced CEO Scott Thompson after a committee confirmed he falsified his degree.
Scott Thompson is now replaced by interim CEO Ross Levinsohn, former executive vice president for Yahoo.
Daniel Loeb of Third Point, pressed Yahoo to change the company’s CEO. Scott Thompson’s degree was business administration with emphasis in accounting, and not accounting and computer science …
Yahoo has named its new CEO with Scott Thompson months after firing Carol Bartz as head of the troubled online search and advertising company.
Scott Thompson, the president of online payment service and eBay subsidiary PayPal, will take the post as Yahoo CEO effective January 9.
Under his leadership, PayPal now has over 104 million users from just 50 million and increased revenue to over $4bn from $1.8bn in 2008.
The position, which became vacant in September after former CEO Carol Bartz’s …