Yahoo CEO Scott Thompson handed in his resignation letter today. The company is reshuffling its board and the head of global media, Ross Levinsohn, was named the interim CEO.It’s hard to say if the investors were more upset about Thompson’s original misrepresentation or the way he addressed this matter last week. He told Yahoo employees the reason why his resume was not accurate was because the recruiter who landed him his previous job at eBay wrote it wrong. The information in this false resume was subsequently published as part of his public bio at eBay and stayed with him.Thompson’s four months at Yahoo have been lucrative. According to Yahoo’s public filing with the SEC, Thompson received a sign-on bonus of $1.5 million in cash and $5.5 million in stock on top of a $1 million salary and other incentive compensations.Send in your comments to our show about this compensation level, or you can tweet me @juliasun_onair. I’m Julia Sun for the Financial News Network. We’ll be right back.
