All Posts Tagged Tag: ‘Yahoo board of directors’

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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, …

Read More

Proxy War Against Yahoo Board by Third Point & Loeb

Managing partner of Third Point hedge fund, Dan Loeb is waging a proxy war against Yahoo’s board of directors. Business Insider reports Loeb has had enough of Yahoo’s poor decision making and weak additions to the board. Earlier this year we reported on Loeb’s contempt for the board and their decision not to pursue a deal to join forces with …

Read More