scott thompson yahoo linkedin
He spent a lot of time with these big merchants at PayPal. She replaced Yahoo's co-founder Jerry Yang, who had returned to the company as chief executive in 2007 and in 2008 rejected a $44.6bn offer from Microsoft. View the profiles of professionals named "Scott Thompson" on LinkedIn. Michael Rubin: Yeah you know its funny. The fourth Third Point-proposed nominee, former NBC Universal CEO Jeffrey Zucker, said in the companies' statement that he removed himself from consideration in order to more easily broker a settlement. Last month, Thompson announced a round of layoffs at Yahoo, totalling 2,000 jobs, about 14% of the total. In addition, Yahoo said Sunday that it named Fred Amoroso, an existing board member, as chairman. ", Levinsohn closed the e-mail by saying Yahoo will "go on the offensive starting today.". Yahoo CEO Scott Thompson stepped down from his job at the internet giant on Sunday in the wake of a scandal over a fake computer science degree that he had listed on his bio. All rights reserved. Loeb said: "We are confident this board will benefit from shareholder representation, and we are committed to working with new leadership to unlock Yahoo's significant potential and value.". Yahoo will add three of Third Point's proposed nominees to the board: Loeb himself; Harry Wilson, the CEO of corporate restructuring and turnaround firm Maeva; and Michael Wolf, CEO of media consulting company Activate. We just spent a few minutes with the CEO of Kynetic, Michael Rubin. Michael Rubin: I could not have been more confident in hiring Scott. [Potential ShopRunner partners told us] if you get Scott we want to join. View Scott Thompson’s profile on LinkedIn, the world's largest professional community. Yahoo (YHOO, Fortune 500) called the mistake an "inadvertent error." Business Insider: You must have gotten a pretty good discount on an executive who was, only months before, talented enough to get a job running a huge company like Yahoo. Do Not Sell, First Published: May 13, 2012: 4:49 PM ET, board shakeup that wiped out most of Yahoo's previous directors, Millennials squeezed out of buying a home, Big Data knows you're sick, tired and depressed, Your car is a giant computer - and it can be hacked. I have known Scott for five or seven years. Instead, Thompson took the CEO role in January. In both cases, the companies state: "Mr. Thompson holds a B.S. After we made the announcement [ShopRunner] merchants reached out to me and said “this is amazing, this is great for ShopRunner. Yahoo confirmed Thompson "has left the company" in a statement posted late Sunday, after two news reports. The chairman position had been in play since a February board shakeup that wiped out most of Yahoo's previous directors. I loved working with him at PayPal.”, Financial investors reached out us to and said “my God is there opportunities to invest in ShopRunner.”. In an internal Yahoo e-mail obtained by CNN's Dan Simon, interim CEO Levinsohn acknowledged the "very bumpy road we've traveled. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 Kynetic is the parent company of two e-commerce companies besides ShopRunner. Bartz, too, had sought to revive Yahoo's fortunes by cutting costs. It was the kind of setback that you might think would be a death-blow to a once-promising career. Yahoo's chief executive Scott Thompson quit on Sunday as the struggling web giant sought to defuse a row over an allegedly fake computer science degree on … Everyone around us is incredibly thrilled. View Scott Thompson’s profile on LinkedIn, the world's largest professional community. After a board meeting on Sunday morning, the company announced that Thompson, who has led the internet services firm for less than six months, would be replaced by Ross Levinsohn with immediate effect. Morningstar: © 2018 But today, Thompson already has a job. He allowed this fact to remain on his official bio for years – through a tenure at PayPal and into his time with Yahoo. The employees were so excited to see him join. 70% Of College Student Said They Would!!!! In About-Face, UK Will Not Allow Huawei To Be Involved In Any Part Of... Universal Orlando Parks Will Reopen June 5 Despite Risk Of... Pro-Privacy Lawmakers Secure A Vote To Protect Browsing Data From... Jurassic World: Dominion Is Definitely Not The Planned End Of The... White Twitch Talk Show Host Finally Drops 'Rajj Patel' Moniker, Everything We Know About The PlayStation 5. This is a guy who has got a cult-like following with in the retail/merchant network. So, when I look at what we are looking to do there couldn’t be someone better suited to run this business than Scott. In February, Third Point filed paperwork proposing four new Yahoo board members, including Loeb himself. I know him to be a person that has high integrity who I have tremendous respect for. The board said this week that it had hired outside counsel to conduct a review of the false statement. © 2020 Guardian News & Media Limited or its affiliated companies. Soon after, the director who led Yahoo's CEO search committee, Patti Hart, announced that she would step down at the end of her current term. When he was running PayPal, I talked to him about ShopRunner and I wanted to get him to run the business. Loeb and several other executives close to Third Point will now also join Yahoo's board. But the false statement about his degree appeared in Yahoo's latest annual report filed to the SEC: "Mr. Thompson holds a Bachelor's degree in accounting and computer science from Stonehill College.". © 2020 But Third Point scored a coup by finding and exposing Thompson's padded resume. Scott Thompson, now the former CEO of Yahoo. Disclaimer. Privacy Policy. Scott has 1 job listed on their profile. The saga took an even more dramatic twist Monday morning, when the Wall Street Journal reported that Thompson has been diagnosed with thyroid cancer. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Cable News Network. All Rights Reserved.Terms We took a 4-hour flight on the new Delta Airbus jet that Boeing tried to keep out of the US. Factset: FactSet Research Systems Inc. 2018. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. View Scott Thompson’s profile on LinkedIn, the world's largest professional community. Yahoo media chief Ross Levinsohn will be named interim CEO, the company said. First published on Sun 13 May 2012 23.58 BST. Here's what it was like. ShopRunner is part of a collection of e-commerce companies owned by a larger firm called Kynetic. View SCOTT THOMPSON’S profile on LinkedIn, the world's largest professional community. There’s Fanatic, which sells licensed sports merchandise and will do about $850 million in revenues this year. "The board is pleased to announce these changes and the settlement with Third Point, and is confident that they will serve the best interests of our shareholders," Amoroso said in a statement on Sunday night. Question: Resume Regrets: The Case Of Scott Thompson, Yahoo’s CEO In 2012 Would You Lie On A Resume To Get A Job You Want?? See the complete profile on LinkedIn and discover Scott’s connections and jobs at similar companies. Scott has 1 job listed on their profile. False statements about Thompson's degree stretch beyond his time at Yahoo, which began in January. Scott has 3 jobs listed on their profile. The first question we asked was about Thompson. He said he had a computer science degree that he did not have. Thompson's resume scandal ignited just over a week ago, when activist shareholder group Third Point alleged that Thompson lied about details of his college degree. LinkedIn is the world's largest business network, helping professionals like Scott Thompson discover inside connections to recommended job candidates, industry experts, and business partners. When everything happened at Yahoo I told him he should come run ShopRunner. We knew he was the right guy to run ShopRunner long term. Scott has 13 jobs listed on their profile. Thompson has been under pressure since activist shareholder Daniel Loeb of the hedge fund Third Point claimed that Thompson had misrepresented his degree. His degree is actually in accounting only. in Accounting from Stonehill College," with no reference to a computer science degree. See the complete profile on LinkedIn and discover Scott’s connections and jobs at similar companies. Thompson's degree information is listed accurately in eBay's regulatory filings and in the bio featured in filings for F5 (FFIV), where he serves as a director. Yahoo's board had been due to meet on Sunday to discuss its findings and other changes. But the firm said that was verifiably not true. Yahoo owns significant Asian assets, including a stake in Alibaba, China's largest e-commerce business, but has struggled to reach an agreement on a sale. False statements: Thompson's published Yahoo bios -- including the one in the company's latest annual report, a legal document that CEOs must personally swear are truthful -- have claimed that he holds a bachelor's degree in both accounting and computer science from Stonehill College.

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