Yahoo's interim CEO faces off with shareholders
- Published on 07/12/2012 - 1:39 pm
- Written by Associated Press
(AP) — Yahoo's interim CEO has faced skeptical questioning from frustrated shareholders as he tries to convince them that the embattled Internet company will rebound from years of financial malaise and internal turmoil.
Ross Levinsohn's exchanges with investors Thursday came during Yahoo's hour-long annual shareholders meeting in Santa Clara, Calif.
Levinsohn came under scrutiny just two months after he filled a void created when Yahoo Inc. ousted Scott Thompson as CEO. Yahoo dumped Thompson amid a flap over misleading information on his official biography. Thompson's departure came just eight months after Yahoo fired Carol Bartz as CEO.
Levinsohn is now considered to be the leading candidate to be named permanent CEO.
The seven shareholders who questioned Levinsohn Thursday made it clear they are losing their patience with the company.