Yahoo’s new CEO, board members face old problem

By Michael J. de la Merced

 |  NEW YORK TIMES   

  MAY 15, 2012

As Yahoo’s latest chief executive and newest board members settle into their roles, they will be confronted with the same problem that has bedeviled their predecessors: how to fix one of Silicon Valley’s most crisis-plagued companies.

Scott Thompson out at Yahoo

Update: Yahoo said in a statement Sunday afternoon that Ross Levinsohn has been named interim CEO, effective immediately. Fred Amoroso was named chairman of the board. The company also said that it has settled with Third Point. Daniel Loeb, Harry Wilson, and Michael Wolf will be joining the board as a result of the proxy settlement.