Reuters: Financial Services and Real Estate: UPDATE 1-Yahoo CEO to step down amid controversy-source

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Yahoo CEO to step down amid controversy-source May 13th 2012, 17:16 Sun May 13, 2012 1:16pm EDT May 13 (Reuters) - Yahoo Inc Chief Executive Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, a source familiar with the situation said on Su nday. Thompson's interim replacement, effective immediately , will be Yahoo's global media head Ross Levinson. Yahoo has said that Thompson, the former president of eBay Inc division PayPal, did not have a computer science degree, despite what was stated in his official company biography and in regulatory filings with the U.S. Securities and Exchange Commission. Yahoo is in the midst of trying to revive revenue growth and its popularity with consumers, facing fierce competition from Google, Facebook and other online companies.

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