Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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