Yahoo's third time to replace its CEO for many years, and give three board seats, led by Daniel Loeb, the hedge funds, to let him in a strong position in the struggling Internet company's strategic impact.
Sun Chief Executive Scott Thompson to step down after 10 days, Loeb has accused him of filling forged a degree in computer science, his biography. Loeb's third point of limited liability company is one of Yahoo's largest shareholder, with 5.8% of the shares.
Yahoo did not give Thompson exit the reason, but said the company's global media Ross - Levinsohn, the interim CEO. It also said it has been resolved and the third point of a proxy battle, the four candidates for the nomination of three fund board of directors, including the Loeb slate.
Thompson just leave work a few months later thrown doubt the future of Yahoo, as its struggle to revitalize the growth of fierce competition from Google Inc. and Facebook, etc., and produce a long-term strategy to convince investors to reverse its share slide.
Yahoo recently resumed negotiations to sell all or part of more than 40% of the shares in Chinese companies, Chinese Internet and e-commerce company A Li Baba torpedo attack on previous plans to do a complicated tax-free transaction.
BGC analyst Colin Gillis said: "This is a great victory for the third point. Board, which is not normal, it also enhances their arguments, which will increase the ability of the third point, and shaping the company's direction of development. "
The past few months, the hedge fund in New York has asked the Yahoo board, Loeb has been lagging share price, loss of market share, Microsoft failed in 2008, sales attributed to the reform. Loeb has also been credited to the co-founder Jerry Yang Jerry Yang and Roy Bostock, former chairman of resignation triggered.
The third point, Levinsohn, or Chief Financial Officer Tim Morse said, should be taken to a temporary at the helm. Loeb can not be reached last Sunday, he believes that Yahoo's future strategic direction should be taken to comment.
Loeb and his other nominees, Michael Wolf and Harry Wilson will replace the other members of the board of directors.
"We are confident that this committee will on behalf of shareholders, we are committed to unlock the tremendous potential and value of Yahoo's new leadership," Loeb was quoted from Yahoo's statement said.
Yahoo also appointed Fred Amoroso, February joined the Board as chairman, IBM veteran. 11 directors, Yahoo said it will nominate for the 2012 annual general meeting of shareholders, including three stone one in Zagreb.
Senior journalist
Yahoo is the Internet early dominant players, but over the years has been working as social media, mobile computing and highly personalized advertising to redefine the industry pattern.
Although the brand, such as Yahoo News, Yahoo Sports, Yahoo Finance is still the most popular destination on the network, a ruthless display advertising prices down industry-wide has been difficult to make money in these assets, and proposed the feasibility of long-term advertising strategy sex.
Levinsohn, who made his name to run News Corp. 's Fox digital services is a CEO contender frequently mentioned, but the company went with Carol Bartz in January 2009, launching nine month Last year she was then called Thompson, the former eBay Inc. President of PayPal, in January.
Disfunctionality of the company is relatively unmatched. Them to do so does not seem to what kind of work, "says Lawrence Haverty, with GAMCO investors, with Yahoo stock fund managers. "Now I think the company's sales is the best choice and we believe that the value of the assets on the basis of a break up, Northern Territory, $ 20 per share."
NASDAQ Yahoo shares closed last Friday at $ 15.19.
Levinsohn is a senior media person, popular in Yahoo's rank and file, and as the credentials of the negotiations. He helped to guide News Corp. acquired MySpace, and has started the investment fund to buy around the world joined Yahoo! in the interests of a variety of digital and media companies.
"He is highly respected Silicon Valley, Hollywood and Madison Avenue, said:" Jason Hirschhorn, the former MTV digital implementation. Yahoo thin to the media and his plans. "
Levinsohn, who had led Yahoo Americas, has spread from the American University Bachelor of Fine Arts, according to the Yahoo site.
"More importantly, today's announcement, lay to rest the unfortunate and serious interference around our senior leadership and advance the composition of the Board of Directors," Levinsohn wrote: last Sunday in the staff memorandum. He added, "I believe in the tremendous power and value of our brand, and our relationship with our customers and partners."
Hasty exit
Yahoo last week admitted that Thompson does not have a master's degree in computer science, although in his official biography, and said in a regulatory filing with the U.S. Securities and Exchange Commission (SEC).
E-mail sent to Thompson's official Yahoo e-mail address has rebounded last Sunday morning. He has only just begun to promote the adoption of a new strategy, including layoffs of 2000 people.
Thompson said that he intends to move the company from its display advertising dependent, more focus on data and personalized, but it is unclear if the Levinsohn and its background in the ad, will keep the plan unchanged.
"The company struggled to find its path, the situation will be before this happens so many times, they lost in the woods, said Macquarie Securities analyst Ben Schacter," "This is no exaggeration to say that Yahoo has a profound structural problems. "
Schacter said, "and" there are still key issues of the shareholders of Asian assets, how they will make money. Board of Directors and shareholders, rather than the temporary CEO, will need to figure out.


Other News:
Yahoo CEO out, investor Loeb gets board seats
A black mark for survivor of financial crisis
How to choose the appropriate NSK bearing
Rand Paul Says He Didn't Think Obama's Views 'Could Get Any Gayer'
the reasons of FAG bearing overheating
Fla. governor's top aide resigns amid scrutiny
the judgement method of whether the NTN bearing should be repaired
Bearing the overall heat treatment process and technical requirements