As it turns out, cheating does not actually pay off in the long run, as one Pennsylvania mom and one disgraced Yahoo executive are finding out today. Former Yahoo CEO Scott Thompson announced today that he would be heading-up the two-year-old shipping service ShopRunner, a slight downgrade from leading one of the world’s largest tech companies.
In May, Yahoo sent Mr. Thompson packing after discovering he lied about his credentials on his resume, where he falsely claimed that he had a computer science degree. Presumably, Mr. Thompson has corrected his resume, though both ShopRunner and Mr. Thompson suspiciously forgot to mention his past at Yahoo when announcing the news.
Rebel Yahoo shareholder Daniel Loeb’s campaign to upend the leadership at Silicon Valley’s most troubled old-school Internet company has succeeded. In an exclusive, Kara Swisher reports for AllThingsD that Scott Thompson is gone. Mr. Thompson’s fudged resume was a keystone in the crisis that began unfolding in Yahoo’s upper echelons a week ago; it appears to have been his undoing. An investigation by Yahoo into the phony computer science credential Mr. Thompson listed in public biographies revealed that the now-outgoing C.E.O. also put the degree on his resume:
Hedge funder Daniel Loeb, C.E.O. of investment advisers Third Point L.L.C., is trying to oust the board of directors approved by Yahoo!’s C.E.O. Scott Thompson. An “inadvertent mistake” in Mr. Thompson’s established biography has given Mr. Loeb some ammunition. Scott Thompson has apparently been padding his education credentials since at least 2008:
Yahoo co-founder Jerry Yang with sidekicks, and Sidekick (Photo: Megan McCarthy)
A release just went out over the wires: Yahoo co-founder Jerry Yang has left the company’s board, and all other positions within the company and its overseas properties, “effective today.” Mr. Yang stepped down as CEO in 2008 and was replaced by Read More