Richard Rosenblatt Says Yahoo’s CEO Should Resign
Demand Media CEO Richard Rosenblatt is joining the debate about how Yahoo CEO Scott Thompson should react to the recent uncovering of his false credentials by activist investor Dan Loeb. If you recall, Loeb and his investment firm Third Point felt compelled to dig up some dirt on Yahoo’s leadership after he was denied a seat on the board of directors at the company.
So far, Thompson has failed to directly address the allegations (which have pretty much been confirmed) by Loeb and it has many executives and shareholders over at Yahoo feeling pretty uneasy.
All Things D reporter Kara Swisher has been staying in the loop of things over at Yahoo and she reached out to Rosenblatt for his commentary on the matter. He got back to her on Twitter and Business Insider was the first to report back on that conversation.
We will keep you posted as things unravel at Yahoo. In the meantime you can take a look at Rosenblatt’s commentary via Twitter on Thompson’s debacle:
@karaswisher if I was him I would grudgingly resign for the good of the thousands of yahoo employees who can’t handle any more drama
@karaswisher asked..nothing more and an off the cuff comment; its up to him and his decision onlyto be clear, I was answering a question
@karaswisher tough call. Yahoo needs stability. Issue is distraction and lack of credibility; impossible to unring the bell