Former Yahoo CEO gets the boot

As most onlookers expected, former Yahoo interim CEO Ross Levinsohn has left the company following the onboarding of new Yahoo CEO Marissa Mayer. It was a somewhat forced resignation; Levinsohn is leaving only because Yahoo passed him up for the CEO spot.

Scott Thompson out at Yahoo (updated)

Update: Yahoo said in a statement Sunday afternoon that Ross Levinsohn has been named interim CEO, effective immediately. Fred Amoroso was named chairman of the board. The company also said that it has settled with Third Point. Daniel Loeb, Harry Wilson, and Michael Wolf will be joining the board as a result of the proxy settlement.