May 13, 2012 at 12:37pm ET by Greg Sterling

Kara Swisher at AllThingsD is reporting that embattled Yahoo CEO Scott Thompson is going to step down for "personal reasons." Swisher has one or more "moles" inside the company and consistently gets inside information -- which generally turns out to be correct. Thompson's "personal reasons," as we all know, are: misrepresenting that he had a computer science degree. Yahoo EVP Ross Levinsohn is reportedly set to become interim CEO, with the apparent hope that he could take the helm permanently. Swisher adds that the situation is still in flux and could change. The board is apparently meet [...]

Yahoo In A Fight For Its Life

Apr 6, 2012 at 10:17am ET by Greg Sterling

According to Reuters on Tuesday next week the already embattled new Yahoo CEO Scott Thompson will lay out his vision for the company. The pressure will be on to deliver a coherent and convincing plan -- emphasis on convincing. Following the announcement of 2,000 layoffs earlier this week Thompson sought to reassure Yahoo employees in a company memo. A streamlined organizational structure will better enable Yahoo to compete in the future, he reportedly said. That new structure will apparently not include Yahoo Chief Product Officer Blake Irving, who has resigned. His organization took a d [...]

Yahoo Confirms 2,000 Employees Getting the Axe

Apr 4, 2012 at 10:01am ET by Greg Sterling

After several days of rumors, first reported by AllThingsD, Yahoo confirmed this morning that it's restructuring and laying off 2,000 employees: Today, the company will begin the process of informing employees about these changes. As part of that effort, approximately 2,000 people will be notified of job elimination or phased transition. Yahoo! expects to realize approximately $375 million of annualized savings upon completion of all employee transitions. The company currently expects to recognize the majority of an estimated $125 to $145 million pretax cash charge relating to employee sev [...]

Yahoo’s Co-founder Jerry Yang Resigns

Jan 17, 2012 at 5:17pm ET by Barry Schwartz

Yahoo announced its co-founder Jerry Yang has formally resigned after 17 years on the job. Yang co-founded the company in March 1995, and has been on the Board of Directors since. 17 years later, he has officially stepped down from its Board of Directors and all other positions with the company. And he has done so effective immediately. In addition, he stepped down from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited. This news comes only a couple weeks after Yahoo announced their new CEO Scott Thompson. "I am grateful for the warm welcome and support Jerry p [...]

Related Topics: Top News | Yahoo: Business Issues | Yahoo: Employees

It’s Official: PayPal President Scott Thompson The New Yahoo CEO

Jan 4, 2012 at 8:43am ET by Greg Sterling

AllThingsD reported late yesterday that PayPal president Scott Thompson would likely be named CEO of Yahoo. It's now official; Yahoo just put out its formal press release announcing Thompson's appointment. In appointing Thompson, Yahoo is choosing a leader with a deeper technology and product background than prior CEO Carol Bartz who was abruptly terminated last September. In the interim Yahoo CFO Tim Morse has been serving as CEO. Not going to sell itself now There had been an expectation that Yahoo was going to sell itself or a significant minority stake to a private equity buyer or ano [...]

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