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Yahoo CEO might have lied about having CS degree

marketwatch.com

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Re: Yahoo CEO might have lied about having CS degree

#2

Post by gkoberger »

I'm curious as to why they made this document public. If I owned almost 6% of Yahoo!, I wouldn't do anything that would publicly make Yahoo! look even worse. I would discretely contact the company and have it dealt with quietly.

Additionally, why bother lying? I doubt Mr. Thompson got the job due to his 20 year old CS degree at a tiny liberal arts college.

Re: Yahoo CEO might have lied about having CS degree

#3

Post by [deleted] »

gkoberger wrote: post #2

I'm curious as to why they made this document public. If I owned almost 6% of Yahoo!, I wouldn't do anything that would publicly make Yahoo! look even worse. I would discretely contact the company and have it dealt with quietly. Additionally, why bother lying? I doubt Mr. Thompson got the job due to his 20 year old CS degree at a tiny liberal arts college.

[deleted]

Re: Yahoo CEO might have lied about having CS degree

#4

Post by dchest »

gkoberger wrote: post #2

I'm curious as to why they made this document public. If I owned almost 6% of Yahoo!, I wouldn't do anything that would publicly make Yahoo! look even worse. I would discretely contact the company and have it dealt with quietly. Additionally, why bother lying? I doubt Mr. Thompson got the job due to his 20 year old CS degree at a tiny liberal arts college.

Internal politics? Maybe they'd like the CEO and some directors to leave.

Re: Yahoo CEO might have lied about having CS degree

#5

Post by unreal37 »

Note that they are in a proxy fight to get their nominations to the board of directors, opposed to the company's recommendations. So their motives are to increase the value of their stock through getting more control of Yahoo. A short term dip in the price will just get them to buy more.

Re: Yahoo CEO might have lied about having CS degree

#6

Post by nicw »

gkoberger wrote: post #2

I'm curious as to why they made this document public. If I owned almost 6% of Yahoo!, I wouldn't do anything that would publicly make Yahoo! look even worse. I would discretely contact the company and have it dealt with quietly. Additionally, why bother lying? I doubt Mr. Thompson got the job due to his 20 year old CS degree at a tiny liberal arts college.

They may look to own more of the company - but at a lower price. A story like this could cause the stock to dip - especially if seen coming from a 5.8% minority owner. A large enough stake that it looks like they are concerned, but small enough that they don't have the direct access to Yahoo! to rectify.

Re: Yahoo CEO might have lied about having CS degree

#8

Post by nicw »

nicw wrote: post #6
gkoberger wrote: post #2

I'm curious as to why they made this document public. If I owned almost 6% of Yahoo!, I wouldn't do anything that would publicly make Yahoo! look even worse. I would discretely contact the company and have it dealt with quietly. Additionally, why bother lying? I doubt Mr. Thompson got the job due to his 20 year old CS degree at a tiny liberal arts college.

They may look to own more of the company - but at a lower price. A story like this could cause the stock to dip - especially if seen coming from a 5.8% minority owner. A large enough stake that it looks like they are concerned, but small enough that they don't have the direct access to Yahoo! to rectify.

Going further, a dark knight takeover strategy is to quietly pool the shares that multiple companies have -> into one company that then owns a majority stake or has enough votes to exert decisions in their favor.

I'm not saying this is the intent here, but one of the first steps down the path.

Re: Yahoo CEO might have lied about having CS degree

#9

Post by klbarry »

This opinion is from someone who's been in charge of hiring a few times and will likely do so again: If you can actually do the job described, I don't give a damn about your credentials. I would not fire an employee who I found out fabricated credentials, if they had been working well for a while.
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