Degree forgery scandal makes Yahoo's CEO, Scott Thompson, resigned from his post. Though Thompson has recently served as the true helm of the giant company.
Thompson was crowned the new Yahoo CEO in early January 2012 last month, so he had served for four months. He replaces Carol Bratz, Yahoo CEO who was fired earlier because judged not being able to lift the performance of the company.
Thompson has a good track record in the flashy world of technology before joining Yahoo. Over the past four years, Thompson served as president of PayPal, eBay's online payment service.
This mustachioed man scored some achievements during the lead PayPal. Under his leadership, PayPal users increased from 50 million to 104 million. PayPal processes the payment of USD 29 billion in the third quarter of 2011.
Scott Thompson resigned after four months of work. The company also agreed to reconstitute the board as a step to end the contest with a mandate shareholder Third Point LLC.
According to the company, a global media chief Ross Levinsohn Yahoo! Inc. will become interim CEO and president Fred Amoroso be. Amoroso replace Roy Bostock, chairman of the non-executives who agreed to withdraw immediately from the board. With resignation, increaseth three council candidates of Third Point.
"Council is pleased to announce the change and completion of the Third Point. Council believes they will serve the best interests of our shareholders," Amoroso said in a statement quoted by Bloomberg.
Third Point which has about 5.8% of Yahoo has created pressure for a discrepancy in leadership mengendornya Thompson. The third CEO departures in just three years of unrest in the company adds that once the leader of Web search and online information is.
Yahoo's sales fell 31% last year from the peak three years earlier. Its market price was down more than half since the end of 2005.
"The company is in a difficult position. Perhaps the best and easiest thing to do is to make these changes," said Paul Sweeney, senior analyst at Bloomberg Industries.
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