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Thursday, Apr 11
Yahoo (YHOO +1.1%) and AOL (AOL -1.3%) could be headed to court over the employment of AOL ad...
Yahoo (YHOO +1.1%) and AOL (AOL -1.3%) could be headed to court over the employment of AOL ad sales chief Ned Brody, Kara Swisher reports. Brody, who has agreed to a 12-month non-compete agreement, has reportedly received a lucrative offer from Yahoo to be its North American sales chief (a position that has been unfilled since Ross Levinsohn left), an offer whose acceptance "seems likely" to Swisher given the terms. Yahoo is said to be trying to subvert Brody's AOL contract by paying him not to work until the non-compete period ends. Update: AOL confirms Brody has left to "pursue other opportunities." CEO Tim Armstrong will handle his job for now.