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Yahoo! CEO Scott Thompson Stepped Down

May 17

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5/17/2012 5:25 AM  RssIcon

Yahoo! parted way with CEO of only four months, Scott Thompson, after the revelation that he had padded his resume to include a false computer science background. 

Yahoo had been a strong technology company since its rise to prominence but had increasingly found it difficult to adjust and compete in the new social media environment. Over the past years, Yahoo! had been plagued by retrenchment and management shakeout. Its market share and revenue had also decreased dramatically.

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