Business/Finance

Yahoo's Thompson reportedly has thyroid cancer

Monday, May 14, 2012

Yahoo's Scott Thompson, who was pressured to give up his CEO post because his official biography included a college degree he never received, reportedly has thyroid cancer.

The Wall Street Journal, citing people it did not identify, says that Thompson told Yahoo's board and several colleagues of his condition before resigning from his role with the company.

The newspaper says it was told by one source that Thompson's decision to resign was partly influenced by his cancer diagnosis.

Thompson was hired as Yahoo's CEO in January to fill a void created by Carol Bartz's firing.

Yahoo Inc. has named Ross Levinsohn as its interim CEO. Levinsohn had a successful stint running Internet services within Rupert Murdoch's media empire at News Corp. before Bartz hired him in November 2010.

Yahoo's stock gained 33 cents, or 2.2 percent, to $15.52 in premarket trading Monday.

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