Yahoo CEO Scott Thompson is to step down after accusations that a fake computer science degree was included on his CV
According to the blog AllthingsD, Scott Thompson will quit his post in the wake of the controversy.
Scott Thompson is likely to be replaced by Yahoo’s global media head Ross Levinson.
The blog says Yahoo is also close to settling with activist shareholder Daniel Loeb, who discovered Scott Thompson’s mistake.
AllthingsD, the Wall Street Journal’s technology blog, reported that Yahoo will say Scott Thompson is stepping down for personal reasons.
Yahoo has already acknowledged that its CEO, who took up his post in January, does not have a computer science degree.
Yahoo is also expected to appoint new directors and a new chairman in the wake of Scott Thompson’s resignation.
Just last month, the company, which is based in Sunnyvale, California, announced plans to make 2,000 employees redundant.
Scott Thompson was previously the president of online payments firm Paypal.
The US House Ethics Committee has voted to release its report on former Republican Representative…
ABC News has agreed to pay $15 million to President-elect Donald Trump to settle a…
South Korea’s parliament has voted to impeach President Yoon Suk Yeol over his failed attempt…
Israeli war planes have carried out more than 100 air strikes in Syria on December…
President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS countries if they…
Syrian troops have withdrawn from the city of Aleppo following an offensive by rebels opposed…
