Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
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Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#2I find it interesting how long this took. The discrepancy came to light on May 3: http://on.mktw.net/KtjFgt
Yahoo responded on May 4: http://dthin.gs/KZb76q
For more than a week, we've pretty much just seen talk and no action. I assume he will step down on Monday, meaning he remained CEO for 10 days after Yahoo acknowledged his resume was a lie.
I personally don't care whether he stays or not. I just find delays like this very interesting.
Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#3That was fast
Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#4Cool!
Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#5"The company will apparently say he is leaving for 'personal reasons.'"
I wish companies would stop perpetuating this charade. It's rote corporate-speak and an insult to anybody that cares about the story in the first place. How about: "He screwed up. We screwed up. The best course of action for everyone involved is to wipe the slate clean and start over."?
Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#6"The company will apparently say he is leaving for 'personal reasons.'" I wish companies would stop perpetuating this charade. It's rote corporate-speak and an insult to anybody that cares about the story in the first place. How about: "He screwed up. We screwed up. The best course of action for everyone involved is to wipe the slate clean and start over."?
I suspect there are legal reasons for doing this, rather than PR ones. What amount of "severance" he gets may rely a lot upon the reason for his departure.
Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#7"The company will apparently say he is leaving for 'personal reasons.'" I wish companies would stop perpetuating this charade. It's rote corporate-speak and an insult to anybody that cares about the story in the first place. How about: "He screwed up. We screwed up. The best course of action for everyone involved is to wipe the slate clean and start over."?
I suspect there are legal reasons for doing this, rather than PR ones. What amount of "severance" he gets may rely a lot upon the reason for his departure.
Correct I suspect. Something to do with admitting guilt (open up to lawsuits?) vs not admitting anything. It is odd in the article how they discuss "He'll mention an illness he recently discovered" - Perhaps chronic heartburn.
Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#8This is one advantage of a B2C vs B2B model. If Yahoo was a B2B company its customers would have stopped doing business with it years ago forcing an acquisition or bankruptcy. However, this really doesn't impact all those folks who have it set as their homepage/email. So it can weather storm after storm.
Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#9This is probably good news for Yahoo, not really because of the CEO replacement, but because of the board shake-up. The new board is much more likely to do a deal to sell the Alibaba, etc. assets, shrink Yahoo to something reasonable, and maybe do a sale of the US operations.
Also, Kara Swisher is really a good tech journalist -- you never hear drama about her being reported, but she consistently reports accurate news. I wish the rest of the tech journalism community were like that.
Re: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
#10Earlier quoted context omitted.
I suspect there are legal reasons for doing this, rather than PR ones. What amount of "severance" he gets may rely a lot upon the reason for his departure.
Correct I suspect. Something to do with admitting guilt (open up to lawsuits?) vs not admitting anything. It is odd in the article how they discuss "He'll mention an illness he recently discovered" - Perhaps chronic heartburn.
Maybe his part of the brain that controls fibbing is damaged.