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; john.letzing@dowjones.com

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
11/24/201417:03:03TECH STOCKS: Redbox Owner Outerwall Among Tech Gainers
11/20/201417:23:05TECH STOCKS: Apple Leads The Tech Sector Higher
11/20/201412:50:45TECH STOCKS: Apple Gains Help Tech Sector Rise
11/17/201411:38:30Vevo Chief Executive to Leave to Pursue Other Opportunities
11/12/201417:09:28TECH STOCKS: Weak Tech Action Ahead Of Cisco's Earnings
11/07/201416:27:21TECH STOCKS: Zynga Gains In Mildly Upbeat Tech Session
11/07/201411:28:53TECH STOCKS: Zynga Zooms Higher As Tech Mostly Struggles
11/07/201400:15:09Chartwell's Ronald Chan Finds Good Value in Asia -- Barron's...
10/27/201411:55:18TECH STOCKS: Twitter, GoPro Among Tech Stocks In The Red
10/23/201408:05:36Yahoo Set to Deliver an Alibaba Tax Shield -- Barron's
10/22/201416:54:22MARKET SNAPSHOT: U.S. Stocks Wither; S&P 500 Ends 4-day Win Steak
10/22/201414:09:09MARKET SNAPSHOT: U.S. Stocks Give Up Gains; Boeing Drags Dow
10/22/201410:15:27MARKET SNAPSHOT: U.S. Stocks Tick Up; Yahoo Rallies
10/22/201409:51:50U.S. Hot Stocks: Hot Stocks to Watch
10/22/201409:20:52U.S. Stock Futures Hover Near Even
10/22/201409:06:36MARKET SNAPSHOT: U.S. Stocks: Futures Waver, But Boeing Gains...
10/22/201408:37:00MARKET SNAPSHOT: U.S. Stocks Jump; Nasdaq Enjoys Best Day In...
10/22/201405:46:19MARKET SNAPSHOT: U.S. Stocks: Futures Dip; Boeing Results, Inflation...
10/21/201417:24:50MARKET SNAPSHOT: U.S. Stocks Rally; S&P 500 Above Key Level
10/21/201417:17:36TECH STOCKS: Apple Leads Broad Tech Push North

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad