Bloomberg News

Musical Chairs at Yahoo as CEO Steps Down

May 14, 2012

Bloomberg's Sheila Dharmarajan reports that Yahoo! Inc. said Chief Executive Officer Scott Thompson is stepping down after failing to correct errors in his credentials and the company is revamping its board, handing a victory to activist investor Daniel Loeb, who had pushed for the overhaul and said the Web portal is mismanaged. She speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

Running Time: 02:18

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