Thompson Resigns as CEO of Yahoo [WSJ]
Scott Thompson, whom Yahoo hired as CEO in January, agreed to resign over the weekend after the company's board obtained evidence that contradicted his claim of innocence about his misstated academic record, people familiar with the matter said. In particular, an executive-search firm provided Yahoo with information that appeared to show Mr. Thompson years ago had knowingly claimed to have a computer-science degree that he, in fact, didn't have. Yahoo said it named Ross Levinsohn, the executive in charge of its media websites, as interim CEO. Mr. Levinsohn's appointment could be made permanent, one person said.
Ex-Yahoo Chief Told Board He Has Cancer [WSJ]
Before resigning as chief executive of Yahoo Inc. over the weekend, Scott Thompson disclosed to the company's board of directors and several colleagues that he has been diagnosed with thyroid cancer, according to people familiar with the matter. The cancer disclosure by the 54-year-old Mr. Thompson was made late last week, as evidence emerged that appeared to contradict the CEO's assertions that he wasn't responsible for an error in his academic record, one of these people said.
Francesca's fires CFO over social media activity [Reuters]
Women's specialty retailer Francesca's Holdings Corp said it fired its chief financial officer Gene Morphis after an internal probe found that he had improperly communicated company information through social media. Francesca's board launched an investigation with the assistance of outside counsel after it discovered the activity on May 11, 2012, the company said, without providing additional details. "We acted immediately on Friday afternoon when we first became aware of the matter and have moved swiftly to replace Morphis based on the findings of the investigation," the company said in a statement.
How Facebook's Elite Skirt Estate Tax [WSJ]
125 people of impact in accounting [JofA]
Kicking off with Arthur Andersen.