Levinsohn Leaves Yahoo7/30/2012 7:10 PM Eastern
After being passed over twice for the top job at Yahoo, Ross Levinsohn is leaving the company, according to a July 30 filing with the Securities and Exchange Commission.
As part of the separation agreement, Yahoo noted in its filing that it had "approved an equity award to Mr. Levinsohn consisting of 67,000 restricted stock units and 250,000 stock options" and that "Mr. Levinsohn will leave the Company, effective July 31, 2012..
Levinsohn had been the company's interim CEO and was widely expected to assume the top job before the surprise announcement that former Google executive Marissa Mayer was hired.
In his tenure as interim CEO at Yahoo! after Scott Thompson left this spring, Levinsohn had drawn on his experience in the entertainment industry, which included a running Fox Interactive Media, to push Yahoo deeper into creating original content. His departure now casts doubt on that strategy.
Yahoo's press department did not respond to emails and a phone call.