Yahoo! outs its CEO

Rob Williams

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SUNNYVALE, Calif. -- Yahoo! Inc. (NASDAQ: YHOO) today announced that the Board of Directors has named Fred Amoroso as Chairman of the Board of Directors and Ross Levinsohn as interim Chief Executive Officer, effective immediately. The Company also announced that its Board has reached an agreement with Third Point LLC ("Third Point") to settle its pending proxy contest related to the Company's 2012 annual meeting of shareholders.

Is it just me, or has Yahoo! become a bit of a laughing stock? There's been so many screw-ups over the years, and now with the now-outed CEO having made up some credentials... what on earth is going on with this company?

http://pressroom.yahoo.net/pr/ycorp/233946.aspx
 
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