On May 13, 2012, news sources reported the resignation of Yahoo Chief Executive Officer Scott Thompson. The reason was due to a fake computer science degree on his curriculum vitae (biography).
Yahoo CEO Scott Thompson (photo: fastcompany.com)
Yahoo News reported the discovery of this issue. According to the news, Daniel Loeb, who is a Yahoo shareholder, hedge fund manager, founder of Third Point LLC, found out that Thompson never received a computer science degree in Stonehill College. Loeb revealed this controversy due to his dissatisfaction and bitterness to Thompson. Thompson antagonized Loeb in late March by telling him he wasn't qualified to be placed in the Yahoo Board.
Yahoo initially stood behind Thompson, describing the issue as "inadvertent error". But harsh criticism from corporate governance experts, shareholders and employees prompted the Board to choose a new CEO.
This resume controversy was just a little issue to put down a CEO. "Thompson's inaccurate resume might have been more forgivable at a company that was posting big returns for its shareholders", said James Post, a management professor at Boston University.
"But it's likely that Third Point was looking for an excuse to get rid of Thompson", Post added. - https://www.affordablecebu.com/
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"The reason why Yahoo CEO Scott Thompson resigned" was written by Mary under the Internet category. It has been read 1749 times and generated 1 comments. The article was created on 14 May 2012 and updated on 14 May 2012.
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