| ||Thread Tools|
|9th May 2012, 08:22||#1|
Join Date: May 2010
Yahoo CEO apologises for padded CV
Yahoo's board is going to hold a special meeting to look at allegations made by activist investor Daniel Loeb who claimed that Chief Executive Scott Thompson faked his CV.
According to a Reuters deepthroat, the board meeting was expected to address aspects of an internal review.
Thompson emailed Yahoo employees to say sorry for the fallout from disclosures about his academic credentials.
The memo came hours after Loeb, chief executive of hedge fund Third Point, which holds 5.8 percent of Yahoo's shares, formally demanded in a letter that the Internet company turn over all records related to Thompson's hiring.
Thompson wrote that he deeply regreted how this issue has affected the company. Yahoo had been working very hard to move the company forward and this has had the opposite effect.
Thompson "respected" the board's plans to conduct a thorough and independent review.
Loeb revealed how Thompson appeared to claim that he had a computer science degree and now wants Yahoo to publicly reveal the process by which Thompson was vetted - and disclose all minutes of any board meeting in which his candidacy was discussed.
Loeb cited Delaware corporation law that allows a shareholder to inspect a company's books if that person has a proper purpose and meets procedural requirements.
|Thread||Thread Starter||Forum||Replies||Last Post|
|Yahoo To Lay Off Another 2,000 Employees||Stefan Mileschin||WebNews||0||5th April 2012 07:18|
|New Yahoo CEO Set To Layoff Thousands||Stefan Mileschin||WebNews||0||7th March 2012 06:24|
|Yahoo and Alibaba deal about to collapse||Stefan Mileschin||WebNews||0||16th February 2012 06:27|
|Bing beats Yahoo||Stefan Mileschin||WebNews||0||16th January 2012 07:17|
|Now Google Wants a Piece of the Yahoo Pie||Stefan Mileschin||WebNews||0||24th October 2011 07:21|
|AMD apologises for wrong Cinebench results||leeghoofd||WebNews||0||21st October 2011 13:19|
|Former Yahoo CEO plans buy out||Stefan Mileschin||WebNews||0||11th October 2011 06:43|