|
|
 |
|
|
Yahoo confirms ceo resigns after it was found he 'padded his resumewith an embellished college degr by 123wert sdfsf
|
|
|
Yahoo confirms ceo resigns after it was found he 'padded his resumewith an embellished college degr by 123WERT SDFSF
|
|
| Article Posted: 11/05/2013 |
| Article Views: 97 |
| Articles Written: 2217 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 378 |
| Article Votes: 0 |
|
Yahoo confirms ceo resigns after it was found he 'padded his resumewith an embellished college degr |
|
|
|
|
|
Business,Business News,Business Opportunities
|
|
Thompson's resume scandal ignited just over a week ago, whenactivist shareholder group Third Point alleged that Thompson liedabout details of his college degree. New board members: Dan Loeb, the CEO of Third Point, has a longhistory of launching proxy fights — and Yahoo was the latestcompany in his crosshairs. Third Point owns about 5.8% of Yahoo,and is the largest outside shareholder. In February, Third Pointfiled paperwork proposing four new Yahoo board members, includingLoeb himself.
At first, Yahoo didn't want to play ball. But Third Pointscored a coup by finding and exposing Thompson's paddedresume. Now, Yahoo has settled with Loeb to end the proxy fight. On Sunday,Yahoo and Third Point released a joint statement explaining theterms.
Yahoo will add three of Third Point's proposed nominees tothe board: Loeb himself; Harry Wilson, the CEO of corporaterestructuring and turnaround firm Maeva; and Michael Wolf, CEO ofmedia consulting company Activate. The fourth Third Point-proposed nominee, former NBC Universal CEOJeffrey Zucker, said in the companies' statement that heremoved himself from consideration in order to more easily broker asettlement. Loeb said in the statement Sunday that he, Wilson and Wolf are"committed to working with new leadership to unlockYahoo's significant potential and value." In addition, Yahoo said Sunday that it named Fred Amoroso, anexisting board member, as chairman. The chairman position had beenin play since a February board shakeup that wiped out most ofYahoo's previous directors.
In an internal Yahoo e-mail obtained by CNN's Dan Simon,interim CEO Levinsohn acknowledged the "very bumpy roadwe've traveled." But, he said, Sunday's announcements "lay to rest theunfortunate and serious distractions surrounding our seniorleadership and the composition of our Board going forward." Levinsohn closed the e-mail by saying Yahoo will "go on theoffensive starting today." False statements: Thompson's published Yahoo bios —including the one in the company's latest annual report, alegal document that CEOs must personally swear are truthful —have claimed that he holds a bachelor's degree in bothaccounting and computer science from Stonehill College. His degreeis actually in accounting only. READ MORE: CNN Add your comment Subscribe to RSS Feed For This Article. I am Shoes & Accessories writer, reports some information about converse shoe stores , custom converse shoes.
Related Articles -
converse shoe stores, custom converse shoes,
|
Rate This Article  |
|
|
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
| Reader Opinions |
|
|
|
|
|
|
|
|
|
| Author Login |
|
|
 |
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
STEPHEN BYE
Stephen Bye is a fiction writer. His most recent novels are a 5-book “The Developer” series which be...more
|
|
|
|
|
LEVAL AINAH
I am an internet marketer and also an educator. My goal is to help others who are looking to improve...more
|
|
|
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
MICHAEL BRESCIANI
Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
|
|
|
|
|
PAUL PHILIPS
For more articles, blog messages & videos and a free e-book download go to www.NewParadigm.ws your p...more
|
|
|
|
