Yahoo CEO Blames Bio Scandal on Executive Placement Firm

[exfileme]

Yahoo CEO Scott Thompson blames his faulty bio on executive placement firm Heidrick & Struggles.

Yahoo CEO Blames Bio Scandal on Executive Placement Firm : Read more

 

[alidan]

so he worked in tech for years... he is qualified.

id tell that company to stuff it, and if they pull stock, tell them why they pulled, because a company with 8% wanted to control the board.

 

[halcyon]

Okay. I was forgiving before. This guy is full of excrement if this account is accurate. I think he needs to go. Quietly please. ...just go.

 

[aoneone]

Wait a minute, first you lied when you put false information on a resume that is supposed to earn you respect; and second, now after a botched apology you now blame someone else for a goof that should have been corrected years ago?! I really hope you get fired you BUM!

 

[Uberragen21]

Yahoo? What's that? Nobody uses Yahoo anymore, that company has been in the sewer for years. Just look at the yearly lay offs every year for the past half decade. (2012) - 2000 employees, (2011) - 150, (2010) - 700, (2009) - 600, (2008) - 1000 (all averaged numbers according to various articles, but you get the point). The company sucks and they keep trying to restructure to save their butts.

 

[aevm]

=== After he took his role at PayPal, this document was supposedly used to create a public profile. He conveniently didn't review the bio, nor any of the copies that have appeared since -- including the one displayed on Yahoo. ===

Is he really responsible for monitoring the Internet to make sure any document claiming to be his resume, posted anywhere, by anybody, is 100% accurate? That's impossible. Besides, why would he even think of doing that? How many of us have done it, ever?

 

[aevm]

[citation][nom]Uberragen21[/nom]Yahoo? What's that? Nobody uses Yahoo anymore, that company has been in the sewer for years. [/citation]

Their shares have indeed been in the sewer, but a lot of good companies did the same.
Look at Cisco for example, -40% since 2008 (compared to Yahoo's -50%). AMD and NVDA did just like YHOO over the last 5 years (ironically, I'm using Yahoo charts to make these comparisons, e.g. http/finance.yahoo.com/q/bc?t=5y&s=YHOO&l=on&z=l&q=l&c=AMD&ql=1)
It's the lousy global economy, not so much the companies themselves.

Personally, I do still like Yahoo's e-mail, portfolio and stock charts. I've used them for 16 years.

 

[Integr8d]

Pay attention to what aladin is saying. "activist hedge fund Third Point founder Daniel Loeb" is also on the Yahoo board. He wants at least four people on the board replaced with his people.

 

[spookie]

if he is doing a good job then ig would be realy stupid. Work experience is worth more than a degree. They might need to adjust his sallary though

 

[halcyon]

[citation][nom]spookie[/nom]if he is doing a good job then ig would be realy stupid. Work experience is worth more than a degree. They might need to adjust his sallary though[/citation]
Its the degree that's an issue. I degree...it has no importance in his current position. However, the issue IS that not only did he lie or remain negligently ignorant about his public bio, but he hasn't taken any responsibility for his actions or offered corrective action.

...not exactly the kind of person that is best for leading a troubled company, eh?

 

[Guest]

Daniel Loeb sounds like a dick. imagine having someone like that around you at work. i imagine him to be some little weasel with the personality of a squashed frog.

 

[Cy-Kill]

You've got to love people who never take responsibility for their actions, and always have to blame others!

 

[Guest]

Liars such as Thompson should find a job in Washington DC or Wall Street, not in Silicon Valley. Oh, wait, in his word, silly-con-artist.

 

[nelsonngyw]

To: The Management, Board of Directors, and Mr Scott Thompson of Yahoo,

I hereby declare that I will boycott whichever website that has affiliation with Yahoo, and this include Yahoo.com itself.

Even a blind person can tell that Mr Scott Thompson is not being truthful and is a coward is not accepting responsibility for his botched bio. Though he claims someone else makes the mistake, as a CEO, he needs to show responsibility. Moreover, his bio is HIS own responsibility. The more he tries to sideline it, the more shady it gets.

This is one of the prime reasons why Yahoo's fortune is waning. Having a leader who failed to show responsibility and true leadership will lead Yahoo to nowhere. Time for the board and management to wake up!

Regards,

 

[Guest]

Who cares what people have done for school, its job he got hired for and had nothign to do with his degree, why do any of you give a shit? honestly you are just complaining to complain.

 

[ta152h]

I admire the man. He did what everyone should do when there's a problem. The first step is to find a scapegoat, and then throw them under the bus. If you can't do something that simple, then you shouldn't be CEO. If you don't do it well, you shouldn't be CEO. So, this is a good test for him.

I think he should blame someone else too, and make it part of the whole structure of his defense. It can't hurt really. Pyramid lying is difficult, but considering how much money these guys make, I think the stockholders have a right to expect them to be skilled at this type of thing. And again, if he can't lie, or squirm his way out of this with aplomb, maybe he's not the right material to be the CEO.

 

[halcyon]

[citation][nom]TA152H[/nom]I admire the man. He did what everyone should do when there's a problem. The first step is to find a scapegoat, and then throw them under the bus. If you can't do something that simple, then you shouldn't be CEO. If you don't do it well, you shouldn't be CEO. So, this is a good test for him. I think he should blame someone else too, and make it part of the whole structure of his defense. It can't hurt really. Pyramid lying is difficult, but considering how much money these guys make, I think the stockholders have a right to expect them to be skilled at this type of thing. And again, if he can't lie, or squirm his way out of this with aplomb, maybe he's not the right material to be the CEO.[/citation]
Brilliant...really.

 

[deicided]

[citation][nom]haley_06[/nom]my classmate's sister makes $88/hr on the internet. She has been fired from work for 8 months but last month her paycheck was $21668 just working on the internet for a few hours. Read more on this site lazycash42.c()m[/citation]

even if this were true which we all know it's not she would have had to work on average 8.2 hours per day for 30 days (246hr) to make $21668 @ $88p/h