Fabricated Credentials Cost Yahoo! CEO His Job
Article by George Norman
On 14 May 2012
A credentials scandal has pushed Yahoo! CEO Scott Thompson to step down from the position he held with the company. Yahoo! named Ross Levinsohn as interim CEO until a proper replacement for Thompson will be found.

Yahoo! Board of Directors named Scott Thompson as the new CEO back at the start of the year. Back in January the Board announced that after spending four months looking for a new CEO (they fired the former CEO, Carol Bartz, over the phone, and she was pretty miffed about it), it found a proper replacement in 54-year-old New Englander Scot Thompson.


At the time Thompson said that he plans to use his expertise and experience (he served as the President of eBay’s PayPal unit, Chief Information Officer for Barclays Global Investors and Visa Inc.’s Inovant) to make sure that Yahoo! returns to being an iconic brand. “I have a core belief that what happens in the next five years -- and the next ten -- is almost impossible to imagine,” said Thompson.

No one could have imagined at the time that only 5 months later Thompson would step down as Yahoo!’s CEO. Fabricated credentials are the reason for Thompson’s departure. In his resume it said that he had a dual accounting and computer science degree from Stonehill College, a private college in Massachusetts. But in a letter sent to the Board of Directors by Third Point CEO Daniel Loeb, it says that Thompson did not get a degree in accounting and computer science and that at the time Thompson went to Stonehill College, the institution did not offer a computer science degree.

In light of this scandal, Thompson decided to step down as CEO. The board of directors named Ross Levinsohn as interim CEO; he will get to run Yahoo’s day-to-day operations with the help of Yahoo!'s existing senior leadership team.

Scott Thompson is the fourth Yahoo! CEO to vacate the position within the past five years.

Tags: Scott Thompson, Carol Bartz, Yahoo!, CEO, Ross Levinsohn
About the author: George Norman
George is a news editor.
You can follow him on Google+, Facebook or Twitter

I Hope you LIKE this blog post! Thank you!
What do YOU have to say about this
blog comments powered by Disqus
Popular News
By George Norman on 17 Aug 2017
With the blockbuster movie season upon us, Sony decided to celebrate the occasion with a sale: the Attack of the Blockbusters Sale that offers discounts of up to 50% (60% if you’re a PlayStation Plus member) on a ton of PS4 video games.
By George Norman on 17 Aug 2017
Samsung’s new T5 portable solid-state drive (PSSD) uses the latest 64-layer V-NAND technology, offers between 250GB and 2TB of storage capacity, has a lightweight and shock-resistant design that’s smaller than the average business card, and delivers industry-leading transfer speeds of up to 540 MB/s.
Related News
Sponsored Links
Hot Software Updates
Top Downloads
Become A Fan!
Link To Us!
Fabricated Credentials Cost Yahoo! CEO His Job
HTML Linking Code