An Executive Resign After the Scandal of False Curriculum of the Leader of Yahoo
The scandal over fake resume to the CEO of Yahoo, Scott Thompson, eventually force the board of the executive who oversaw recruitment, Patti Hart, said today All Things Digital.
Hart was pressured by management to not submitted for re-election at the next annual meeting of the council, according to sources at the site associated with The Wall Street Journal.
Hart’s resignation is the latest chapter of the internal crisis that passes through Yahoo, which tries to restructure to improve its competitiveness against Google and Facebook, mainly, and since 2007 has had five different CEOs.
Thompson, who joined the office in January, is now under suspicion for having agreed to by demonstrating two degrees, one in Accounting and one in Computer Science, although he never studied this last race.
The irregularity was discovered last week by the main shareholder in Yahoo, Third Point, which controls 5.8 percent of assets and asked that effective yesterday the dismissal of Thompson and Hart, which did not occur.
Third Point has long maintained a tense relationship with the leadership of the company shares in a struggle for power and influence in the council.
Yahoo blamed the false Thompson’s resume, official credentials submitted to the Securities and Exchange Commission U.S. an “honest mistake”.
In a letter sent by the CEO of Yahoo employees on Monday night, Thompson apologized for “how this issue has affected the company,” but did not clarify the question about why his resume had been exaggerated.
Yahoo will hire a legal team to investigate what happened under the supervision of Fred Amoroso independent directors.
Third Point has already started legal proceedings to obtain any documentation on how it came about hiring Thompson and wants to find out whether the irregularity on his resume was known by the board or any of its members before it was made public last week.
All Things Digital Sources indicated that Thompson believes this scandal lies a “personal vendetta”.
Third Point said that Thompson continued as CEO is a violation of the ethical code of the Internet giant and provides a bad example for employees between the prevailing discontent with what is happening and how the CEO is handling this new crisis According to the website.
Thompson’s entry in Yahoo was intended to be a catalyst for the company since 2007 has had 5 different CEO, Terry Semel, Jerry Yang, Carol Bartz, Tim Morse (acting) and Thompson.
Since coming to office, Thompson, 54, has laid off about 2,000 workers and plans to cut 50 percent of services offered by Yahoo.
Before coming to Yahoo, Thompson had headed the group’s PayPal division of eBay and false degree contained in your resume since at least 2004.
Category: Business News
