Yahoo investigates newly seated CEO Scott Thompson over tampered CV accusation. (Image: Yondel Anecdotal, via Flickr / CC)
Yahoo has started a probe about the academic credentials of its newly seated CEO Scott Thompson after allegations of CV fabrication.
According to Reuters, Dan Loeb, founder and chief executive of Third Point, Thompson “padded out” his claim of holding degrees in accounting and computer science from Stonehill College near Boston.
Loeb added that Thompson …
Yahoo to Open E-Commerce Division. (Image: gaku, via Flickr / CC)
Yahoo has announced that it will focus on e-commerce in an attempt to revive the one-time search engine leader’s fortunes.
The Internet giant, now helmed by former PayPal CEO Scott Thompson, said it will go forward to plough investments in email and media content but will create a new division designed for the e-commerce industry.
“To be very clear, our highest priority is winning in our core business, and that will …
Yahoo! CEO Discloses Reorganization Details for Troubled Internet Pioneer / image via USA Today
Fast and forward are the keywords describing some of the details of the reorganization announced Tuesday by Yahoo CEO Scott Thompson, even as the pioneering Internet company struggles to maintain its financial equilibrium in the face of sharp competition, particularly from emerging giants in the online business environment.
The Associated Press said Wednesday that the new structure for Yahoo, …
Giant Online Payment Firm PayPal’s New President Starts Monday
The biggest, most successful online payments service company, PayPal, has a new president, David Marcus, the company’s mobile unit chief.
In a news report from San Jose, California, the Associated Press said Marcus, who formally assumes the job on Monday, replaces Scott Thompson, who is now CEO of troubled Internet giant Yahoo! Inc.
The incoming PayPal president will expectedly provide more impetus to the company’s rapid …
Yahoo Girds for Stiff Investor Proxy Fight, Appoints 3 New Board Directors / image via EuroNews
Internet giant Yahoo is getting ready to fight for greater control of the company that, despite some difficulties, business experts consider to be worth around $50 billion today.
An Associated Press report from New York this morning said Yahoo has appointed three new directors to its board in preparation for a proxy fight that has been looming in the horizon, which could take months to resolve.
Yahoo’s ad revenues have tumbled in the companies latest earnings call. Yahoo, one of the largest content companies in the world, has been trying to find some solid footing after previous CEO Carol Bartz was fired and co-founder Jerry Yang exited from the company. Yahoo’s net earnings sunk to $1.17 billion compared to a projected $1.19 billion posited by experts.
These numbers fall on the table of new CEO Scott Thompson who has barely been at the helm of the company for six months …