ATD: Yahoo’s CEO Scott Thompson to step down amidst degree scandal (update: confirmed)
While thousands upon thousands of Americans are celebrating graduation weekend with degree in hand, it looks as if the CEO of one particular internet company will be wondering why he lied about his. After weeks of investigating, word on the street has it that freshly appointed (as in January 4th) CEO Scott Thompson will be “stepping down.” In other words, he’s being canned. The news comes from an All Things D report on the matter, with the official word expected soon. The scandal took hold a few weeks back, with the official Yahoo bio listing a computer science degree that he allegedly didn’t even have. The company line is that he’s bolting for “personal reasons,” but seriously — what are the chances these “reasons” would’ve emerged sans scandal? It’s bruited that Yahoo’s global media head Ross Levinsohn will be filling Scott’s shoes for now, but there’s no word yet on who the firm’s next CEO will be. It’s a shame, but it sure feels like a revolving door in Yahoo’s corner office.
Update: Yahoo has confirmed Thompson’s departure in an official press release (after the break), placing Ross Levinsohn in a interim CEO position, as expected. The firm also mentions that Roy Bostock’s seat as Chairman of the board will be filled by Fred Amoroso. Hit the break for the official statement.