Yahoo appears ready to make interim CEO Ross Levinsohn permanent, according to multiple reports. The board is meeting today, and it’s worth noting that Yahoo has had five CEOs in as many years. Skeptics abound regarding Yahoo’s future — and there was more bad news today that Yahoo’s share of search continued to slide, to 13% from 15.9% while Google’s rose to 66.8%. Microsoft’s Bing rose to 15.6 from 14.4%. But Yahoo and partner Microsoft’s combined share slipped to 28.6% from 30.3%. Some may wonder whether Levinsohn is too much a Yahoo veteran to be able to turn the company around, but the board may decide that stability is more important right now. He did contribute to Yahoo and Facebook settling a serious patent infringement legal battle and the resulting expansion of their partnership in advertising and other businesses. Other potential CEO contenders such as Hulu’s Jason Kilar and current News Corp chief digital officer Jonathan Miller have taken themselves out of the running. After the most recent CEO Scott Thompson departed under a cloud of resume-padding scandal after only a few months, the board may decide to stick with Levinsohn.
This article was printed from https://deadline.com/2012/07/yahoo-board-likely-to-ok-ross-levinsohn-as-ceo-reports-298982/