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Ousted Yahoo CEO Scott Thompson's parachute is made of cloth, not gold (NO severance package) [View all]
Ousted Yahoo CEO won't be getting any severance
By CNBC.com staff
http://marketday.msnbc.msn.com/_news/2012/05/14/11703338-ousted-yahoo-ceo-wont-be-getting-any-severance?lite
Scott Thompson won't get severance compensation after leaving as Yahoo's CEO in a scandal about his resume, according to a filing.
The filing also said Yahoo agreed to appoint activist investor Daniel S. Loeb, Michael J. Wolf and Harry J. Wilson to the board, effective Wednesday.
Loeb and his hedge fund, Third Point, pressed for Thompson's ouster after a discrepancy about Thompson's education background had been revealed.
The filing, released Monday, was part of a settlement between Yahoo and Third Point, its largest shareholder.
By CNBC.com staff
http://marketday.msnbc.msn.com/_news/2012/05/14/11703338-ousted-yahoo-ceo-wont-be-getting-any-severance?lite
Scott Thompson won't get severance compensation after leaving as Yahoo's CEO in a scandal about his resume, according to a filing.
The filing also said Yahoo agreed to appoint activist investor Daniel S. Loeb, Michael J. Wolf and Harry J. Wilson to the board, effective Wednesday.
Loeb and his hedge fund, Third Point, pressed for Thompson's ouster after a discrepancy about Thompson's education background had been revealed.
The filing, released Monday, was part of a settlement between Yahoo and Third Point, its largest shareholder.
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