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Major yahoo investor calls for firing thompson, naming interim ceo by ferujkll sdff
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Major yahoo investor calls for firing thompson, naming interim ceo |
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Thompson's documents say that he has a college degree in computerscience, when he does not. The company called it an "inadvertenterror" but industry analysts and critics have cast doubt on that. Yahoo's board on Tuesday formed a special three-member committee to investigate Thompson's academic credentials, along with thecircumstances surrounding his hiring. "It appears very clear to us -- and to many corporate governanceexperts, Yahoo employees, and fellow Yahoo shareholders -- that Mr.Thompson's fantasy degree was in no way an 'inadvertent error,' "Loeb wrote. "The evidence shows he had been using false credentialsfor years ..
It seems farcical to us that the board will mostlikely spend more time deliberating over whether Mr. Thompsonshould be fired than it did properly vetting whether he should havebeen hired." On Tuesday, Thompson sent a memo to Yahoo employees, apologizing for the distractions that the company is dealing with. He did not,however, make any reference to his resume. Loeb took issue with that, too. "Mr.
Thompson's 'apology' wasclearly insufficient and it seems that the only thing he actuallyregrets is that he has been caught in a lie and publicly exposed,"he wrote. "Without any explanation or accountability, Yahoo hasbeen left to flounder under a discredited leader for an undefinedperiod. So, after six days, we must ask - what is this boardwaiting for?" Loeb went on to suggest that the board appoint Yahoo ChiefFinancial Officer Tim Morse or Ross Levinsohn, head of Yahoo'sGlobal Media, as interim CEO. He also suggested that Michael Wolf,founder and managing partner of Activate, a technology and strategyfirm, lead the committee that would search for a permanent CEO.Loeb had previously suggested Wolf's appointment to Yahoo's boardin February. Late Tuesday, Yahoo announced that director Patti Hart would not seek re-election to the board at the company's 2012 annual shareholder meeting.
Hart, who led the search committee that hired Thompson, wascriticized for not fully vetting Thompson's resume. Sharon Gaudin covers the Internet and Web 2.0, emergingtechnologies, and desktop and laptop chips for Computerworld.Follow Sharon on Twitter at @sgaudin , on Google+ or subscribe to Sharon's RSS feed . Her email address is . See more by Sharon Gaudin on Computerworld.com.
Read more about it leadership in Computerworld's IT Leadership Topic Center. I am Office & School Supplies writer, reports some information about blue print holder , pocket battery analyzer.
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