Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 08 May 2012 08:57

Yahoo CEO apologizes for padding resume

Written by Nedim Hadzic


yahoo logo


Curse of Yahoo CEO continues?

Yahoo’s board convened on Monday and discussed the issue of Yahoo CEO Scott Thompson padding his resume to land the job.

The issue was blown open by Daniel Loeb, chief executive of hedge fund Third Point. Loeb, whose fund controls 5.8 percent of Yahoo shares, formally requested all records related to the hiring.

This prompted Thompson to apologize to his employees, claiming he knows how the issue negatively affected everyone. He has taken full responsibility and said he would respect the board’s decision on conducting an independent review. Yahoo board is apparently investigating the issue.

This is not the first time Loeb has incited changes on the board. Apparently, resignations of cofounder Jerry Yang and former chairman Roy Bostock are also said to have been his work. Loeb made it clear that investors deserve a transparent investigation this time around.

Yahoo hasn't had the best of times with CEOs lately, with a few of them getting the boot. Having one that lied on his resume however definitely won't help, and investors should probably think hard before their stock starts laughing, if you catch my drift. 

More here.


Last modified on Tuesday, 08 May 2012 09:20

Nedim Hadzic

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments