Yahoo is turning to its longtime nemesis to fix everything that has gone wrong while Google Inc. has been cementing its position as the Internet’s most powerful company.
Yahoo’s new boss is reorganizing a consumer-commerce division created by recently dispatched CEO Scott Thompson.
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.
Yahoo swept out Scott Thompson as CEO Sunday in an effort to clean up a mess created by an exaggeration about his education that destroyed his credibility as he set out to turnaround the long-troubled Internet company.
A Yahoo director embroiled in an investigation into an inaccuracy about CEO Scott Thompson’s academic credentials is surrendering her seat on the troubled Internet company’s board.
Yahoo CEO Scott Thompson said he’s is sorry for allowing an inaccuracy about his education to appear in his official bio, but not remorseful enough to heed calls for his resignation.
A major Yahoo shareholder who exposed a fabrication on the new CEO’s academic credentials is demanding that the Internet company fire him for unethical conduct.
A disgruntled Yahoo shareholder questioned the qualifications and integrity of recently hired CEO Scott Thompson after exposing a misrepresentation about the executive’s education.
The long-struggling Internet company earned $286 million, or 23 cents per share, during the first three months of the year. That represented a 28 percent increase from net income of $223 million, or 17 cents per share, at the same time last year.
A week after announcing a painful round of job cuts, Yahoo CEO Scott Thompson unveiled a plan Tuesday that will reorganize the company into three main divisions focused on users, advertisers and technology.