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Ross Levinsohn at the Beverly Hills Hotel in 2011. The former Yahoo interim CEO was just named non-interim CEO of Guggenheim Digital Media.
Ross Levinsohn now works for the guys who own the Dodgers. The former interim CEO of Yahoo — he was at the shaky helm between the controversial exit of Scott Thompson and the potentially game-changing hire of Marissa Mayer from Google — has been named CEO of Guggenheim Digital Media.
He replaces Dottie Mattison, who had only been on the job since last July, and will oversee a suite of properties that includes the Hollywood Reporter, AdWeek, and Billboard (all of which, it should be noted, are not purely digital publications). These used to operate under the aegis of Prometheus Global Media, but Guggenheim Partners has taken the opportunity of a marquee hire to rename the company.
Guggenheim Partners did something similar when it bought the Los Angeles Dodgers last year for more than $2 billion, creating an entity called Guggenheim Baseball Management in the process.
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The Yahoo logo is displayed in front of the Yahoo headqarters on July 17, 2012 in Sunnyvale, California. Former interim CEO Ross Levinsohn has left the troubled Web giant.
When Yahoo hired Marissa Mayer from Google to be its new CEO, declining for the second time to name Ross Levinsohn to the top job, there were two pretty clear signals. First, that Yahoo was going to become a technology company. Second, that Levinsohn — the interim CEO after the Scott Thompson debacle and seen by many as the leading candidate prior to Mayer — was probably headed for the exit.
Well, Levinsohn has now left. By my math, according the SEC filing, he's getting about $5 million in Yahoo stock, on top of what was getting for being CEO. It's unclear whether he ever received what Thompson was getting: $1 million per year, plus a $2-million bonus. Back in 2010, when he was hired as a Yahoo executive VP, his compensation was $700,000 plus a $500,000 bonus.
Mayer, by comparison, has a pay package that is estimated at $59 million.