Feeds

Yahoo! chief! says! sorry! for! CV! snafu!

Thompson says will cooperate with board's review

The Essential Guide to IT Transformation

Yahoo!'s CEO Scott Thompson has issued an emailed apology for his gilded CV to employees at the company, as the board decides what it's going to do about his misstated education.

Thompson is in hot water over a discrepancy in his CV that said he held a computer science degree when he doesn't, an issue Yahoo! called "an inadvertent error". The mistake was brought to light by agitating investor Third Point, which has been annoyed by many of the web firm's decisions lately.

Thompson emailed employees today after Third Point posted another letter with the SEC demanding all the records relating to his hiring.

"I want you to know how deeply I regret how this issue has affected the company and all of you," Thompson wrote in an email reproduced by the Financial Times. "We have all been working very hard to move the company forward, and this has had the opposite effect.

"For that I take full responsibility, and I want to apologise to you."

After the news broke of Thompson's padded CV and another discrepancy in the listed education for Patti Hart – a board member who was also on the committee that hired Thompson – Yahoo! initially reacted a bit casually, claiming it was nothing more than an error. However, later the same day the web firm said the board would undertake a review.

Thompson's email said he would "provide whatever the board needs from me" for the review.

But Third Point wants the full records of his hiring as well as the appointments of Patti Hart and other board members Peter Liguori, John Hayes, Thomas McInerney, Maynard Webb, and Fred Amoroso.

"Third Point believes that Yahoo! shareholders and employees will be best served if the board accepts responsibility quickly for this latest debacle," the investment firm said in its letter.

"If the directors are truly interested in 'working in a constructive manner with Third Point', they should provide answers promptly. We believe that this internal investigation by this board must not be conducted behind a veil of secrecy and shareholders deserve total transparency."

Activist investor Third Point and its chief executive Daniel Loeb has been a thorn in Yahoo!'s side for some time now, demanding resignations, pushing for asset sales and trying to get its own men and women on the board. ®

Application security programs and practises

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.