All Posts Tagged Tag: ‘Scott Thompson’

Scott Thompson Follows Short Yahoo Career With CEO Gig At ShopRunner

Scott Thompson, who served as the last official Yahoo CEO before Marissa Mayer (not including interim CEO Ross Levinsohn) has now taken the job of CEO at retailer network ShopRunner. He already has experience on the company’s board, and will be reunited with old colleagues. Meanwhile, ShopRunner’s current CEO, Mike Golden, will continue as President of the company. Golden said, …

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Yahoo’s Reconditioned Board will Reconvene Next Week

Yahoo and their board of directors have been through a lot lately. Most recently they have lost their CEO, Scott Thompson after a brutal proxy battle with activist shareholder Dan Loeb. They have also lost Pati Hart, co-founder Jerry Yang, and longtime chairman, Roy Bostock. Next week, the Yahoo board of director will reconvene, but with a fresh configuration and …

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Yahoo Ready to Find Replacement CEO

Yahoo is ready to start searching for a new CEO. As you may recall, Scott Thompson resigned after a rather lengthy proxy battle with activist investor Dan Loeb a his investment firm, Third Point. The surprising climax of that battle was the unearthing of a critical oversight on then current CEO, Scott Thompson’s credentials, claiming he held a computer science …

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Scott Thompson Steps Down From F5 and Splunk Inc.

Scott Thompson’s not so subtle departure from Yahoo left some wondering if he in fact, does have health problems or just fabricated a clever excuse to sidestep allegations that he intentionally perpetuated the myth that he held a bachelors degree in computer science. In any event, he stepped down as CEO of Yahoo and now we find he has also …

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Thompson Leaves Yahoo with No Severance but Makes Millions

As you may recall, Yahoo and CEO Scott Thompson have agreed to part ways as of yesterday. Thompson, who found himself locked in a battle with activist Yahoo investor Dan Loeb and his venture capital firm Third Point, was accused of providing false credentials in his company biography and other official documents. Doing his best to sidestep the issue, Thompson …

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Scott Thompson Leaves Yahoo After Cancer Diagnosis

Some of us may have had our doubts about Scott Thompson’s claim that he had nothing to do with the perpetuated myth about him having a computer science degree, but regardless he has agreed to step down from his position as CEO at Yahoo. As we reported earlier he will be replaced by Ross Levinsohn who was previously heading up …

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Best Buy Founder Resigns

It was just reported that former Yahoo CEO Scott Thompson resigned after being called out by Dan Loeb and Third Point for padding his resume. Thompson, who had been peddling a fake computer science degree for some time, made national news in a society that is very fascinated with the misgivings of 1%-ers, and then claimed to all the sudden …

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Yahoo Elects New Leadership as Thompson Steps Down

As I reported earlier today, Scott Thompson has decided to step down at Yahoo as CEO citing recently discovered health problems as the main reason. Some may say it comes at very convenient time as he was actively trying to sidestep accusations that he purposefully provided false academic credentials both at his previous job at PayPal and for the position …

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Yahoo CEO Resigns and Third Point Wins Proxy Battle

Last week was a tough one at Yahoo. It started early in the week with CEO Scott Thompson trying to sidestep direct accusations that he purposefully introduced false academic credentials that showed he held a computer science degree. Claiming that it must have been some sort of oversight, he apologized to the Yahoo staff and urged them to get on …

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Yahoo! CEO Never Actually Gave Out False Credentials

The newest development in the Yahoo fake credentials debacle has surfaced and it has to do with how the fake credentials made their way into CEO Thompson’s biography. The first thing is that Thompson claims he never actually provided a resume to be considered for the job as CEO at Yahoo. He says a staffing service employee created a document …

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Yahoo Director Resigns After Discovery of False Credentials

The latest development in the Yahoo scandal over false credential is here and this time one of the parties involved has resigned their position. Patti Hart, who was listed in a letter to the board from activist investor Dan Loeb, has agreed to not stand for reelection at the upcoming annual meeting, according to All Things D. Both Hart and …

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Scott Thompson is Sorry About the Disruption

I am sure by now you have heard that the proxy battle between the Yahoo board of directors and activist shareholder Dan Loeb and his firm Third Point has gotten a little ugly for the leadership over at Yahoo. Essentially he caught CEO Scott Thompson and another member of the staff passing off false credentials on their company biographies. To …

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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 …

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Yahoo Selling Shares to Alibaba

Alibaba, China’s largest online business-to-business trading platform, posted Q1 2012 profits of $53.8 million, though Yahoo Inc. is looking to sell a large portion of its shares with the company. Yahoo bought a 40% stake in the platform in 2005, and now Alibaba seeks to buy back some of the ownership, in a deal that could range between $4.8 and …

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Yahoos Still Stirring About Thompson’s False Credentials

Looking back to last week you’ll probably remember that shareholder activist, Dan Loeb and his investment firm Third Point was stirring the pot big time over at Yahoo. In fact, Loeb is darn right pissed off about the professional path Yahoo has been taking and he has been demanding a seat on the board for some time now. He has …

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Yahoo 2012 First Quarter Revenue & Earnings

Those expecting to see a dramatic change in anything at Yahoo yet are simply asking too much. We just learned of the layoffs in recent months and nothing confirmed until the beginning of April. Now that we’ve made it through some layoffs and know a little of CEO Scott Thompson’s plans, we’ll have to see what the reorganization brings to …

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Yahoo!’s Pulse On the Internet Flatlines

Business Insider reports that Yahoo’s internet traffic has been steadily decreasing since 2008. In 2008 people spent a total of 13.8% of their time on the site and as of this first quarter of 2012, 8% was all that was left of that number. Business Insider recently unveiled their new BI Intelligence service and they have used it to produce …

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Yahoo CEO to Outline New Plans Next Week

If you recall, Wednesday Yahoo Inc. announced their definitive intention to layoff over two thousand members of their current workforce. Later that same day, CEO Scott Thompson introduced a letter to his fellow Yahoo employees describing the need for downsizing and restructuring in their organization. In the letter he addressed each of the core components to Yahoo’s business model, and …

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Yahoo Chief Product Officer Quits

Although Yahoo Inc. has not made an official announcement on the matter, it has been reported that Blake Irving, chief product officer for the company, has quit. His resignation is said to have been planned ahead of Yahoo’s layoff announcement earlier this week. Yahoo has been undergoing a massive restructuring, and the new plan will eventually eliminate the department that …

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Yahoo CEO Scott Thompson: Letter To His Employees

You’ve got it, Yahoo! officially confirmed their “real changes” and huge restructuring and downsizing of the internet giant today. Now, Scott Thompson CEO of Yahoo has issued a letter to his employees regarding the changes at Yahoo, obtained by the Wall Street Journal. I think you should give it a read. It’s a sad day for many employees at Yahoo, …

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Yahoo Hopes to Combat Activist Shareholder Third Point

The leadership at Yahoo thinks it can ward off a challenge from activist shareholder Daniel Loeb of Third Point, by aggressively courting three new board members to replace the five that are leaving. The internet giant has already filled two of the five open slots, but now the company is scrambling to bring on the final three, at the face …

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Restructuring, Layoffs Imminent At Yahoo

At the beginning of the year we reported that Scott Thompson, former president of PayPal, had been chosen by Yahoo to replace former CEO Carol Bartz. Now that he’s had time to settle in, it looks like Thompson is getting ready to make some big changes in an attempt to get Yahoo back on track. Citing sources both inside and …

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Yahoo Reportedly Getting Big Reorganization

There are a lot of changes happening at Yahoo these days. Recently, we’ve seen the appointment of Scott Thompson (pictured above) to the CEO position. We’ve seen co-founder and former CEO Jerry Yang step down from all positions at the company. We’ve seen the announcement of key board members stepping down as well. We’ve even seen the introduction of a …

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Yahoo CEO Scott Thompson To Address Advertiser Questions

If you advertise with Yahoo, and you have some questions for Scott Thompson, the company’s new CEO, you can post them on Yahoo’s Advertising Facebook page, and there’s a chance he will answer them. According to the company, Thompson will “tackle a few” in the February issue of Yahoo’s advertiser newsletter. So make them good. Yahoo writes on its Advertising …

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Scott Thompson Gone to Yahoo, What’s Next For PayPal?

As you may know, Yahoo announced that PayPal President Scott Thompson is its new CEO. That means he’s no longer going to be President of PayPal. This isn’t going to be a Jack Dorsey-like situation, where he has prominent roles in two companies. eBay CEO John Donahoe is taking over for Thompson at PayPal in the interim. eBay is sharing …

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Who is Scott Thompson (Besides Yahoo’s New CEO)?

Who is Scott Thompson? Well, there are a few Scott Thompson’s out there. One of them is Yahoo’s new CEO – Not to be confused with Scott Thompson from Kids In The Hall: This Scott Thompson was the president of eBay’s PayPal. Before that, he was Senior Vice President and CTO at the company. As President of PayPal, Thompson had …

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