Yahoo bowed to Loeb's demands in May after he exposed the inaccuracy on Thompson's biography.
Loeb will have a major incentive to ensure the next CEO doesn't dawdle. His hedge fund, Third Point LLC, owns 72 million Yahoo shares — a 5.8 percent stake in the company.
Yahoo will provide investors a more revealing look at its progress under Levinsohn next Tuesday when it releases its second-quarter earnings.
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