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Scott Thompson

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Only two weeks ago Marissa Mayer was announced a new CEO of Yahoo. The company, which these days is described as a struggling internet giant, found Marissa Mayer from Google to be better than Ross Levinsohn. Yahoo Inc. informed that Ross Levinsohn had decided to leave the company after he was overlooked for the CEO post. Levinsohn was believed to have been a strong internal candidate for the position.

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Yahoo, the internet company, appointed three members to its board of directors, preparing for a proxy fight with one of its largest shareholders. John Hayes, chief marketing officer of American Express, Peter Liguori, former chief operating officer of Discovery Communications Inc., and Thomas McInerney, the outgoing chief financial officer of InterActiveCorp are Yahoo’s nominees to the board.

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Yahoo chairman Roy Bostock and three other directors will quit the Yahoo board, as the company struggles to plough ahead with an internal refurbishment, including discussions on dealing with its stakes in China’s Alibaba Group and Yahoo Japan.

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Jerry Yang, co-founder of Yahoo Inc., quit the company eliminating one of the last remnants of a management team. The management team was blamed by investors for failing to hunt for a buyer or negotiate a sale of stakes in Asian assets worth more than $10 billion.

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Yahoo Inc., the internet giant is set to name its next CEO very soon. The possible name on the list that has cleared many rounds and is likely to the nod is Scott Thompson, who runs eBay’s online payment unit PayPal.

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