ADVFN - Advanced Financial Network.
HOME» NASDAQ » Y » YHOO Stock Price » YHOO Stock News

Yahoo! Inc. Share News

 Yahoo! Inc. (mm) Stock Price
YHOO Stock Price
 Yahoo! Inc. (mm) Stock Chart
YHOO Stock Chart
 Yahoo! Inc. (mm) Stock News
YHOO Stock News
 Yahoo! Inc. (mm) Company Information
YHOO Company Information
 Yahoo! Inc. (mm) Stock Trades
YHOO Stock Trades

Ex-Yahoo CEO Leaves Without Severance

By John Letzing Of DOW JONES NEWSWIRES SAN FRANCISCO -(Dow Jones)- Yahoo Inc. (YHOO) said Monday its recently-deposed Chief Executive Scott Thompson is leaving without receiving severance pay, though he will keep so-called "make whole" cash and stock the company had given him to make up for compensation left behind at his former employer eBay Inc. (EBAY). Yahoo disclosed its parting agreement with Thompson in a regulatory filing, one day after he stepped aside following the Internet firm's discovery of evidence that contradicted his claims that he wasn't responsible for a glaring inaccuracy in his academic record. Thompson will leave behind all outstanding but not-fully-vested stock awards, "with no severance compensation," Yahoo said. However, he retains the right to a make-whole grant of restricted stock with a value of $6.5 million, which was previously disclosed. Thompson, who took the top job at Yahoo in January, had been entitled to a total of $22.5 million in potential stock awards, a $1.5 million cash bonus and a $1 million annual salary. Hedge fund Third Point LLC, which had been waging a proxy battle for increased control of Yahoo, flagged an error in Thompson's academic record earlier this month--which mistakenly presented him as having a computer science degree. After an internal review, Yahoo said on Sunday that Thompson would be replaced by interim CEO Ross Levinsohn, an executive who has been with the company since 2010. Meanwhile, Third Point ended its proxy battle after its leader Dan Loeb and others won Yahoo board seats. Thompson had been a highly touted president of eBay's PayPal payments unit before joining Yahoo and making headway on an ambitious turnaround effort. -By John Letzing, Dow Jones Newswires; 415-765-8230;

Stock News for Yahoo! Inc. (YHOO)
09/02/201516:05:00Yahoo Announces Completion of Polyvore Acquisition
09/01/201512:51:00Yahoo to Participate at the Citi Global Technology Conference
09/01/201508:20:00Marissa Mayer Expecting Twins
09/01/201507:24:00Yahoo CEO Marissa Mayer Expecting Twin Girls
08/31/201517:52:01Statement of Changes in Beneficial Ownership (4)
08/31/201517:49:06Statement of Changes in Beneficial Ownership (4)
08/31/201517:46:27Statement of Changes in Beneficial Ownership (4)
08/31/201517:42:37Statement of Changes in Beneficial Ownership (4)
08/31/201517:39:59Statement of Changes in Beneficial Ownership (4)
08/31/201517:31:28Initial Statement of Beneficial Ownership (3)
08/28/201512:10:00Apple Loses Music Executive
08/27/201517:15:59Statement of Changes in Beneficial Ownership (4)
08/26/201510:30:00Yahoo Holds Mobile Developer Conference in New York City
08/24/201516:45:00Third Point, Regulators Settle Over Antitrust Filings for 2011...
08/24/201516:31:00Third Point, Regulators Settle Over Antitrust Filings for 2011...
08/24/201516:28:00Third Point, Regulators Settle Over Antitrust Filings for 2011...
08/24/201516:18:00Third Point, Regulators Settle Over Antitrust Filings for 2011...
08/11/201500:31:41IBM Wants Artificial Intelligence to Help Identify Disease
08/10/201517:34:37Statement of Changes in Beneficial Ownership (4)
08/10/201517:30:31Statement of Changes in Beneficial Ownership (4)

Yahoo! Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations