Scott Thompson is out as the CEO of Yahoo
Yahoo is looking for a CEO again. Scott Thompson stepped down as the company CEO on Sunday.
He has been in a major controversy regarding his resume which stated that he had a computer science degree.
Thompson had defended himself saying that his resume was never presented to Yahoo during his talks about the job.
Ross Levinsohn has been named as the interim CEO of the company as they look for a suitable candidate to take the job fulltime.
This is a major indication that the company is struggling to take on their bigger shareholders. Third Point was behind the attack on Scott and they now have three board seats in the company.