Yahoo has been going through CEOs like toilet paper recently.
Their latest CEO, Scott Thompson was named in January and Yahoo four months has announced that he has resigned for personal reasons.
This comes days after Thompson's resume issue where the resume said he had a computer science degree. After that the vultures (journalists) went after him. On Sunday he announced he is stepping down for personal reasons and the Wall Street Journal reports he has thyroid cancer.
I wasn't a fan of Yahoo's recent CEOs including Bartz and Thompson. In my opinion, Bartz did not realize how important search is/was to Yahoo's future and handed over everything to Microsoft. Thompson's big move was to drop 15% of Yahoo - but I honestly didn't get to know him because he was only there for a few months.
The one sign was that as soon as Thompson came on board, co-founder and the soul of Yahoo, Jerry Yang resigned from Yahoo. Not a good sign.
Ross Levinsohn was named the interim Chief Executive Officer until they find a replacement, effective immediately.
Good luck Ross. Good luck Yahoo! Wouldn't it be nice if Yahoo made the Apple turn around? Although, I really don't think Yahoo is at risk of running out of money? Which might be a more dangerous thing in terms of innovation.
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