07 December 2016
Visit aciworldwide.com

Former PayPal president Thompson falls on his own CV at Yahoo!

14 May 2012  |  4830 views  |  1 rubbish

Yahoo! chief executive Scott Thompson, hired from PayPal to turn around the fortunes of the once-giant dotcom company, has been shown the door after misrepresenting his academic qualifications on his CV.

Yahoo! set up a special committee to investigate Thompson's resume last week after it emerged that he may have inflated his academic credentials by falsely claiming to hold a computer sciences degree.

The committee reputedly found evidence that appeared to contradict Thompson's initial claims that the misrepresentation was a one-off error. In a further twist, the Wall Street Journal is reporting that Thompson decided to quit Yahoo! after being diagnosed with cancer of the thyroid during the past week.

During his brief tenure, Thompson slashed 2000 jobs and overhauled management, causing a brief rally in the stock as investors responded with approval to the restructuring operation.

Thompson is being replaced as interim CEO by Ross Levinsohn, head of global media at Yahoo!. Levinsohns' CV may be as ill-starrred as Thompsons, being chiefly remembered as the man in charge of News Corp's disastrous top-of-the-market takeover of MySpace.
KeywordsPEOPLE

Comments: (1)

A Finextra member
A Finextra member | 14 May, 2012, 14:41

and the due diligence process was what exactly?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Yahoo sets up committee to investigate Thompson CV claims

Yahoo sets up committee to investigate Thompson CV claims

09 May 2012  |  5326 views  |  0 comments
PayPal names mobile man David Marcus president

PayPal names mobile man David Marcus president

29 March 2012  |  6470 views  |  0 comments
PayPal president Thompson quits for Yahoo

PayPal president Thompson quits for Yahoo

04 January 2012  |  5645 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit aciworldwide.comVisit capgemini.comVisit VocaLink.com

Who is commenting?

A Finextra member Finextra Member Commented on: AML Transaction Monito...
A Finextra member Finextra Member Commented on: Payments regulator blo...
A Finextra member Finextra Member Commented on: Payments regulator blo...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7301 views 12 comments | 15 tweets | 26 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
6666 views comments | 25 tweets | 15 linkedin
China tops world fintech rankingsChina tops world fintech rankings
6408 views comments | 34 tweets | 29 linkedin
Amazon signs up tech firms to financial services cloud programmeAmazon signs up tech firms to financial se...
6144 views comments | 14 tweets | 15 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
5705 views comments | 15 tweets | 16 linkedin

Featured job

Find your next job