Yahoo's Chairman Resigns

Seth Fiegerman2013-04-25 22:59:49 UTC

Fred Amoroso, Yahoo's chairman of the board, is resigning his position, the company announced late Thursday.

Amoroso took over as Yahoo's chairman in May at the same time that Ross Levinsohn was appointed interim CEO. As chairman, he led the team that investigated Yahoo's former CEO Scott Thompson for fabricating some of his credentials. He also played a part in helping bring Marissa Mayer in from Google to serve as Yahoo's new CEO.

"Fred has been a wonderful chairman for Yahoo! over the past year, and I’m personally grateful for his trust and guidance as I took on the role as Yahoo! CEO," CEO Marissa Mayer said in a statement. “Fred’s mentorship and perspective has proved truly valuable to me in my first few months here at Yahoo!."

In a statement, Amoroso said his intention from the beginning was to serve as chairman for one year in order to help steer Yahoo through a period of transition. Amoroso will stay on the board through June 25.

Yahoo has appointed Maynard Webb, Jr. to serve as interim chairman to replace Amoroso for now. Webb has a pretty impressive background himself, including serving as the CEO of LiveOps and the COO of eBay.

Yahoo's stock was essentially flat in after-hours trading following the news.

Image courtesy of YouTube, IrishTechnology

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Rutgers Athletic Director Resigns After Viral Abuse Video

Sam Laird2013-04-05 18:30:38 UTC

A shocking video of coaching abuse that went viral on the sports web then leaked into the national mainstream news cycle this week has claimed its second high profile professional casualty — but this may not be the last.

Rutgers athletic director Tim Pernetti resigned on Friday, two days after the university fired head basketball coach Mike Rice.

Rice became a source of national outrage and scorn after ESPN's Outside the Lines broadcast a video of him shoving players, throwing basketballs at them and denigrating them with homophobic slurs during practices this season. Here's the video:

Pernetti became a secondary villain in the story when it was revealed that he had actually seen the footage months ago. Rice was suspended for three games and fined $50,000 in November for reasons cryptically defined as violations of athletic department policy.

But harsh backlash from fans, media and high profile athletes including LeBron James after the video's public release apparently led to Rice's firing. Pernetti was criticized for not firing the coach until the video became a source national embarrassment, as opposed to simply dismissing Rice in November for his abusive treatment of players.

The plot thickened on Friday, however, when Pernetti said in his resignation letter to Rutgers president Robert Barchi that he had wanted to fire Rice back in November, but was held back by university bureaucracy.

This paragraph from the letter involves some serious buck-passing and has already turned a harsh lens upon Barchi:

As you know, my first instincts when I saw the videotape of Coach Rice's behavior was to fire him immediately. However, Rutgers decided to follow a process involving university lawyers, human resources professionals, and outside counsel. Following review of the independent investigative report, the consensus was that university policy would not justify dismissal. I have admitted my role in, and regret for, that decision, and wish that I had the opportunity to go back and override it for the sake of everyone involved.

Pernetti's resignation was lamented on Twitter by at least two high-profile alumni of the Rutgers athletic department, NFL twins Jason and Devin McCourty:

So RU made Pernetti resign but they are going to keep this clown as president...He still hasn't taken ownership in his role (D-Mac)

— Jason+Devin McCourty (@McCourtyTwins) April 5, 2013

Highly doubt Rutgers finds an AD that was better than Pernetti! (J-Mac)

— Jason+Devin McCourty (@McCourtyTwins) April 5, 2013

RU made @tim_pernetti a scapegoat (D-Mac)

— Jason+Devin McCourty (@McCourtyTwins) April 5, 2013

Should Pernetti have resigned, or is he taking an unfair fall here? Give us your take in the comments.

Photo by Elsa/Getty Images

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