Yahoo CEO Scott Thompson has Stepped Down – Corporate Governance Prevails

Posted by Joachim Bartels | May 14, 2012 | Digital Media, E-Commerce, Uncategorized, United States, Yahoo | 0 |

The controversy over exaggerated computer science collage degree on CEO Scott Thompson’s biography was initially brushed off by Yahoo as an ‘inadvertent error’.

It appears investors and directors thought otherwise and Thompson checked out at Yahoo last weekend. The departure is a victory for hedge fund manager Daniel Loeb of Third Point LLC, which is one of Yahoo’s largest outside shareholders and brought the discrepancy in Thompson’s educational background to light. It is also a victory for corporate governance.

Source: Press Comments

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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