Yahoo chief steps down over fake degree row

Yahoo chief executive Scott Thompson has stepped down after a controversy over a fake computer science college degree on his biography.

Yahoo chief steps down over fake degree row
Mon, 14 May, 2012 - 01:00

He is the third CEO to leave the company in three years.

The move is a victory for hedge fund manager Daniel Loeb of Third Point LLC — Yahoo’s largest outside shareholder — who brought the discrepancy to light.

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CourtsPerson: Scott ThompsonPerson: Daniel LoebPerson: ThompsonPerson: Ross LevinsohnPerson: LoebOrganisation: YahooOrganisation: Third Point LLCOrganisation: PaypalOrganisation: GoogleOrganisation: FacebookOrganisation: US Securities and Exchange CommissionOrganisation: Reuters
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