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Does ‘Sorry’ Cut It for Yahoo CEO?
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FBN's Shibani Joshi on the controversy surrounding Yahoo CEO Scott Thompson for lying on his resume.
- Duration 1:37
- Date May 8, 2012
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FBN's Shibani Joshi on the controversy surrounding Yahoo CEO Scott Thompson for lying on his resume.
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It's an apology the heat on Yahoo! CEO Scott Thompson over that resume failed and a is not cola was a master -- Joshi on the story force today from the truth about.
Well he did say that -- is sorry but I'm not sure an apology is gonna get Scott Thomson out of this one that's because he's got an activist shareholder.
Hot on his heels Daniel Loeb who runs third point asset management.
Calling in an after -- calling on the resignation is Scott Thompson after.
Had revealing in its consistencies.
In Scott Thompson's resonate -- he actually never received a computer science degree like it was posted.
On his resume in that light he put out there -- to the world -- says he wants to complete investigation into the hiring.
Scott Thomson as we know is a former head of PayPal who just started at the company this year after pretty rocky road for year Yahoo! shareholders.
And Yahoo! employees asked that third point is looking for a couple of things.
Including revealing what Scott is Scott Thompson how that -- was embedded in finding him also -- minutes of the board meetings discussing Scott is Scott Thompson's candidacy.
Yesterday the board admit -- Scott this all of these issues just settling on not necessarily taking amount -- ouster of any sorts.
But -- an investigation.
Scott Thomson blasted employees within email trying to put the past behind and saying quote.
We've all been working it very hard to move the company forward in this has the opposite effect for that I take full responsibility.
And want to apologize to you.
Again it's an apology may not be enough and the situation Shibani Joshi and that is -- -- Bonnie thanks.