Scott Thompson, CEO of computer firm Yahoo, has stepped down amid accusations a fake computer science degree was included on his CV.
The company confirmed media reports that Thompson had quit his post, the BBC reports. He has been replaced by Yahoo's global media head Ross Levinsohn. The firm is also reportedly close to an agreement with activist shareholder Daniel Loeb, who discovered Thompson's mistake. Loeb, a hedge fund manager who lobbied for Thompson's dismissal, is set to be appointed a company director. Other new directors will also be appointed and Yahoo has named Fred Amoroso as the new chairman of its board. Yahoo has already acknowledged Thompson, who took up his post in January, does not have a comp...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
