Internet

Yahoo CEO resigns following resume controversy

As widely expected, Scott Thompson has stepped down from his position as Yahoo CEO after it emerged he lied about qualifications on his CV.The online giant has confirmed the former boss has left the company and the board with immediate effect.Thompson will be replaced in the interim by Ron Levinsohn, who runs the company’s global media department.Thompson’s position has been in question all week over the presence of a computer science degree within his biography, which he had not earned. Sorry not enoughThe now ex-CEO had apologised for the negative impact the row was having on the company, but it was not enough to save his job.In a press release confirming the news, first reported by AllThingsD, Yahoo also confirmed that Fred Amoroso had been appointed as Chairman of the Board.The company also announced a settlement with the man who exposed Thompson’s faux-pas, “activist shareholder” Daniel Loeb is also approaching.Thompson’s demise comes just a few months after he replaced Carol Bartz as the head of the internet giant. Related StoriesBing looks to Facebook and Twitter for its redesignSpotify upgrades desktop app with Playlist Radio, Instant SearchFacebook testing paid ‘promoted posts’ toolGary Marshall: In the piracy debate, both sides are telling outright liesUK Broadband: Customers paying for average 12Mbps, only getting 7Mbps

Published

9 years ago

May 13, 2012

Zhang Fang

Sorry not enough

The now ex-CEO had apologised for the negative impact the row was having on the company, but it was not enough to save his job.

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Scott Thompson quits as Yahoo CEO following resume controversy

Tech

How the Rural-Urban Divide Plays Out on Digital Platforms

It is one thing for entrepreneurs, whether urban or rural, to create and operate an online store, as some digital platforms have made it relatively easy to manage an e-store – even by using just a smartphone.

Published

7 months ago

March 24, 2021

Insead Knowledge

In the West, villages are emptying out due to the lack of economic opportunities. Consider Italy where, in a bid to attract newcomers, a handful of municipalities have turned to selling houses for €1.

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Ecommerce

Thailand’s internet economy to hit US$53 billion in 2025

New users in Southeast Asia are coming online at a blistering pace, adding 40M new Internet users this year alone compared to 100M between 2015 and 2019 and 70% of the region’s population is now online.

Published

11 months ago

November 11, 2020

Abhishek Prakash

Internet usage in Southeast Asia continues to multiply, with 40M new users this year alone

Southeast Asia’s Internet sectors continue to see strong growth, hitting $100 billion in 2020, and are on track to cross $300 billion by 2025 stated a report by Google, Singapore state investor Temasek Holdings and business consultants Bain & Co.

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