Loeb Calls For Yahoo CEO’s Job, Wants Interim Replacement

Third Point LLC, the fund headed by Dan Loeb, is stepping up efforts to oust current Yahoo! Inc. (NASDAQ:YHOO) Scott Thompson. After the company broke a story last week concerning the educational qualifications of the executive officer the firm began calling for his resignation. The calls have so far been met with obstinance but Third Point, as the company's largest shareholder, has a lot of sway and is sitting pretty with it's own replacement CEO in the wings.

Today the company offered Yahoo an alternative to their current stance. The suggested...