Yahoo CEO Steps Down After Degree Scandal

From DailyTech: Yahoo Chief Executive Officer Scott Thompson has stepped down from his position after giving false information regarding his credentials earlier this year.

Thompson, who was previously the president of eBay's online payment system PayPal, took the position of Yahoo CEO in January in an effort to help the struggling search company compete against the likes of Google. However, Thompson's leadership took a tumble when it was discovered that he had lied about his degree.

Thompson said he earned a bachelor's degree in computer science from Stonehill College. However, an eBay executive that worked with Thompson prior to his Yahoo CEO position said that Thompson only had a degree in accounting.

As it turns out, the accounting degree was the correct version of the story, and it was listed in eBay's regulatory filings. But in Yahoo's April 27 10-K filing, the computer science degree made an appearance instead.

The scandal placed bad light on Thompson, and now, he has officially stepped down from his position as Yahoo CEO. Ross Levinsohn, Yahoo's head of global media, has been named interim CEO.

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