Yahoo Japan has rejected claims that Yahoo’s latest change of leader will impact upon the potential sale of its share in the Japanese joint venture, as the troubled Web firm looks to streamline its business.
Yahoo! CEO Scott Thompson has agreed to step down from the role immediately, following a week of controversy surrounding a biography that falsely claimed he had a computer science degree.
The company issued a statement confirming Thompson’s departure, saying simply that he had "left the company".
Scammers have launched a campaign preying on users of OpenID in an attempt to steal log-in credentials, according to Barracuda Labs.
Barracuda security researchers Dave Michmerhuizen and Luis Chapetti say they are seeing specially built log-in pages that appear similar to pages used as part of the OpenID authentication process. When users type in their credentials, the data is collected by a rogue website, which sends back a message that the credentials have been validated.
Patti Hart — the Yahoo director in charge of the search that resulted in the hiring of Scott Thompson as its CEO, making her directly responsible for a clearly botched vetting of his academic record — will not stand for reelection to the board at the next annual meeting, according to sources close to the situation.
Yahoo's new CEO, Scott Thompson, is under fire for telling the SEC (and Yahoo's board) that he had a computer science degree from Stonehill College when he does not have one.
Yahoo shareholder Dan Loeb, the hedge fund manager of Third Point who is also in the middle of a proxy war against Yahoo, is leading the charge.
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