Yahoo faces dark Monday over CEO's resume

By on
Yahoo faces dark Monday over CEO's resume
Image credit: Yahoo. Scott Thompson, Yahoo CEO.

Computer science degree - error or deception?

Yahoo is facing possible legal action if it does not publicly disclose how it vetted recently-appointed chief Scott Thompson. 

Thompson and Yahoo came under fire last week after Dan Loeb from investment firm Third Point questioned the accuracy of a claim on Thompson’s bio and Yahoo’s regulatory filings that he had a degree in computer science, All Things Digital reported. 

Yahoo confirmed the inaccuracy, claiming it was an “inadvertent error”, prompting Loeb's next demand that Yahoo's board release precise details about the selection process behind Thompson’s appointment by Monday 7 May. 

If it fails to meet the deadline Third Point “will consider it grounds for further action”, wrote Loeb.

Yahoo has removed the reference on Thompson’s bio from its website. However, it cannot do the same for its regulatory filing

The activist investor also wants to know whether Yahoo board members Maynard Webb (who allegedly "has long-standing ties” to Thompson) and Patti Hart who led the Search Committee, knew of Thompson’s alleged “deception” before Loeb’s first letter. 

Loeb has called for both of them to kicked off the board in either case. 

Loeb’s initial letter to Yahoo’s board last week - which sparked the controversy - stated that if Thompson “embellished his academic credentials that it 1) undermines his credibility as a technology expert and 2) reflects poorly on the character of the CEO...”

Thompson was plucked from his role as president at eBay's PayPal in January, replacing Carol Bartz, who was fired last September.

While Thompson did not have a degree in computer science, he had previously served as the chief information officer for Visa and previously a division of Barclay’s Bank, according to his LinkedIn profile.

Nonetheless, Loeb alleges that Thompson "cannot possibly have any credibility remaining with the all-important Yahoo! engineers, many of which earned real – not invented – degrees in computer science." 

Copyright © iTnews.com.au . All rights reserved.
Tags:

Most Read Articles

You must be a registered member of iTnews to post a comment.
| Register

Poll

How should the costs of Australia's piracy scheme be split?
Rights holders should foot the whole bill
50/50
ISPs should foot the whole bill
Government should chip in a bit
Other
Flash is heading towards its grave, and that's...
Great! Good riddance
Sad! Flash had some good qualities
Irrelevant. I don't care
What's Flash?
View poll archive

Whitepapers from our sponsors

What will the stadium of the future look like?
What will the stadium of the future look like?
New technology adoption is pushing enterprise networks to breaking point
New technology adoption is pushing enterprise networks to breaking point
Gartner names IBM a 'Leader' for Disaster Recovery as a Service
Gartner names IBM a 'Leader' for Disaster Recovery as a Service
The next era of business continuity: Are you ready for an always-on world?
The next era of business continuity: Are you ready for an always-on world?

Log In

Username:
Password:
|  Forgot your password?