Bloomberg News

Resume Scandal Sinks Yahoo CEO, Loeb Joins Board

May 14, 2012

Bloomberg's Jon Erlichman 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. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Running Time: 01:44

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