Posts tagged "Scott Thompson"
Yahoo Shareholder Calls for CEO Investigation
SAN FRANCISCO – A major shareholder of Yahoo on Monday legally requested internal documents about the controversial hiring of CEO, Scott Thompson. The investment fund, Third Point LLC, took the unusual step as part of its effort to remove Thompson from office by an inaccuracy on his education. After exposing the lie last...
Yahoo CEO Lied on His Resume
NEW YORK – Third Point undertook on Thursday the accusation that the CEO of Yahoo, Scott Thompson, was lying about his college degree. In a collection of biographical data published for years, including his biography on the website of Yahoo, Thompson said that “he has a degree in Accounting and Computer Science” awarded by the...
Yahoo Decides to Cut 2,000 Jobs
Yahoo announced on Tuesday that about 14% of their workforce or 2,000 jobs will have to be cut as part of their restructuring process. With the decision, the company aims to save around $375 million annually. Yahoo said that they are looking to create a smaller firm that is more profitable and equipped to innovate...
