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All Posts Tagged Tag: ‘third point’

Yahoo Spends Over $1 Billion To Buy Back Shares

Yahoo announced today that it is repurchasing 40 million shares of Yahoo common stock held by Third Point LLC at $29.11 per share, which is the closing price from Friday. That puts the deal at about $1.164 billion. Following the transaction, Third Point will own about 20 million shares less than 2% of the company’s outstanding stock. Yahoo board members …

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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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Yahoo and Alibaba Make Stock Deal Official

Remember the $7 billion deal we were talking about on Friday with Yahoo and Chinese-based Alibaba? Well, they are making it official. Yahoo has agreed to sell off its shares of the Alibaba empire. A majority will be purchased back by the company and the remained will be sold after the Alibaba IPO, whenever that is. The deal was announced …

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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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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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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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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’s Scott Thompson Accused of False Credentials

As the proxy battle between the Yahoo board of directors and activist shareholder Dan Loeb heats up, new information has come to light that CEO Scott Thompson has some fraudulent credentials. Of course the so called oversight was brought to the Yahoo board’s attention by none other than Loeb himself. On both Yahoo’s website and in their SEC regulatory filings, …

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