Yahoo CEO Scott Thompson is out

Yahoo chief executive officer Scott Thompson who has been caught in a resume gate is leaving the company, reports AllThingsD. He is going to be replaced by Ross Levinsohn, who is currently global media head with the company, Kara Swisher adds. She also points to a settlement with activist investor Dan Loeb of ThirdPoint Capital. Thompson got into hot water after Loeb’s group reported that he didn’t really have a Computer Science engineering degree. Since then, pressure had mounted on him and the board.

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