Yahoo! on Monday announced the departure of Ross Levinsohn, who served as interim chief executive and was seen as a favorite for the top job before the firm named Marissa Meyer to the post.
Regulatory documents indicated Levinsohn would leave with an “equity award” including 67,000 restricted stock units and 250,000 stock options. He will also get severance benefits for termination “without cause.”
The total value of his package was not immediately clear but it was likely to be worth several million dollars, news reports said.
“Ross has done a terrific job during his time at Yahoo!” a company spokesperson said. “We wish him all the best.”
Levinsohn took the helm at Yahoo! in May after Scott Thompson was ousted as CEO over an inflated resume.
Because of his strong media background, Levinsohn had been reported to be in line for the job of CEO before the surprise announcement on July 16 naming 37-year-old Marissa Mayer, a key Google team member, to the job.
The Dow Jones website AllThingsD showed an email from Mayer, said to be confidential, in which she announced Levinsohn’s departure “at the end of July.”
“Ross has been an important and powerful contributor at Yahoo since he joined in 2010,” the email said.
“I am very grateful to Ross for his leadership and work throughout his tenure at Yahoo. His contributions will be missed.”
[image via Agence France-Presse]
Nicolle Wallace explains Trump’s racist attacks are covering his cozy relationship with Jeffrey Epstein and Michael Cohen scandal
MSNBC host Nicolle Wallace began her Wednesday show saying that President Donald Trump has made it official by making his brand one of "racism." But it prompted her to wonder if his racist attacks against four congresswomen of color could be more about deflecting from other scandals.
Wednesday morning, MSNBC released a video of Trump partying with alleged child molester and rapist Jeffrey Epstein. Trump is seen groping women and slapping their posterior. The first round of Epstein's alleged crimes were downgraded by Labor Secretary Alex Acosta and he was given 13 months in a county jail for just 8 hours, six days a week.
Trump wasn’t the first president to confront the Supreme Court – and back down
A key presidential election is approaching. The U.S. Supreme Court hears a case with powerful political implications. The court rules, but the populist president doesn’t care. Our national commitments – to the Constitution, to morality, to the rule of law – seem at risk.Then, the president backs down. The nation survives.
This might be the story of President Trump’s short-lived threat to get a citizenship question on the census in defiance of the Supreme Court. Instead, it’s the story of President Andrew Jackson and Worcester v. Georgia, decided in 1832.
Fatal drug overdoses drop in US for first time in decades
Fatal drug overdoses in the US declined by 5.1 percent in 2018, according to preliminary official data released Wednesday, the first drop in two decades.
The trend was driven by a steep decline in deaths linked to prescription painkillers.
"The latest provisional data on overdose deaths show that America's united efforts to curb opioid use disorder and addiction are working," Health and Human Services Secretary Alex Azar said, though he cautioned the epidemic would not be cured overnight.
The total number of estimated deaths dropped to 68,557 in 2018 against 72,224 the year before, according to the figures released by the Centers for Disease Control and Prevention (CDC).