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Technology
Yahoo's Board Holds Off on Confirming Levinsohn as Permanent Chief
Yahoo's annual shareholder meeting in Santa Clara came and went Thursday with no news on who might be the company's next CEO.
Many tech watchers expected the web company to name interim CEO Ross Levinsohn as its permanent chief executive.
CNET Executive News Editor Charlie Cooper says, at this point, the job is Levinsohn's to lose.
"He's a really seasoned media executive," says Cooper. "He has a great reputation. And he also brings continuity to a company that really, it's been musical chairs."
Yahoo's last CEO, Scott Thompson, stepped down in May amid a resumé-padding scandal.
Levinsohn 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.
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.
