Scott Thompson Posts

Alibaba Acquires Minority Stake In ShopRunner For $75 Million

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Alibaba has spent $75 million to buy a minority stake in two-day shipping service ShopRunner, according to The Wall Street Journal.  ShopRunner is headed by former Yahoo! CEO Scott Thompson.  ShopRunner is known for offering two-day shipping for e-commerce purchases from their partners at a cost of $79 per year.  ShopRunner partners include Toys-R-Us, Drugstore.com, and MacMall.
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ShopRunner CEO Scott Thompson Joins Board Of Directors At Kabbage

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Kabbage has added Scott Thompson to the company board of directors.  You may remember Thompson as the former CEO of Yahoo! that was essentially fired over a fake resume and as the current CEO of ShopRunner.  Thompson’s strongest point is his tenure as the President and Chief Technology Officer of PayPal.  Kabbage recently raised $30 million in funding.

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Former Yahoo! CEO Scott Thompson Hired As CEO Of ShopRunner

Scott Thompson

Former Yahoo! CEO Scott Thompson has been hired as the CEO Of ShopRunner.  Thompson left Yahoo! after it was discovered that he had a faulty resume.  His resume claimed to have a computer science degree, but he actually had an accounting degree.  ShopRunner is a company that gives faster shipping from shopping sites in exchange for a membership fee.  In a press release announcing Thompson’s hiring, ShopRunner released the following statement:

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Yahoo! CEO Scott Thompson Resigns From Splunk Board

Scott Thompson
Former PayPal president Scott Thompson recently resigned from Yahoo! as CEO because of a false résumé and because he has thyroid cancer. His résumé claimed that he had a degree in Accounting and Computer Science from Stonehill College, but he actually only has a degree in Accounting. Former Yahoo! EVP Ross Levinsohn is now interim CEO. Thompson is now no longer on the board of directors at Splunk, a company that analyzes big chunks of enterprise data and generates reports. Below is a statement from Splunk.
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Scott Thompson Tells Board He Was Diagnosed With Thyroid Cancer

Scott Thompson
Former Yahoo! CEO Scott Thompson told the company board of directors and several colleagues that he has been diagnosed with thyroid cancer according to several people familiar with the situation. The Wall Street Journal learned of this information from several sources. The cancer diagnosis was disclosed by Thompson late last week. The diagnosis had occurred in recent days and the board is also investigating why Thompson’s resume included an academic record that erroneously included a computer science degree.
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Yahoo! CEO Scott Thompson Stepping Down After Resume Scandal

Scott Thompson
Yahoo! CEO Scott Thompson is stepping down from the company. Ross Levinsohn will become the interim CEO at the company. Thompson is stepping down amidst a controversy revolving around his online resume. His bio on Yahoo!’s and former employer eBay said that he had a computer science and accounting degree when it was actually only in accounting. When the official announcement is made, he will likely cite “personal reasons” for stepping down. Yahoo!’s board of directors are going to reach a settlement with Dan Loeb, the shareholder that discovered Thompson’s degree was fake. Fred Amoroso will be named chairman of Yahoo!’s board and the five directors on Yahoo!’s board will step down immediately.

Scott Thompson’s Explanation For Resume Glitch


Yahoo! CEO Scott Thompson is now offering an explanation to employees why his official Yahoo! and eBay bios was inaccurate. On Thompson’s eBay and Yahoo! bios, it was written that Thompson had a degree in computer science and accounting from Stonehill College. However he just has a degree in accounting. Thompson told employees that before he was hired at eBay in 2005, he interviewed with an executive placement firm.
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Dan Loeb Sends A Letter Again To Have Scott Thompson CEO Fired

Scott Thompson
Third Point founder and Yahoo! activist shareholder Daniel Loeb has released a new letter about the resume controversy surrounding Scott Thompson. In the letter, he requested the firing of Scott Thompson. “It seems farcical to us that the Board will most likely spend more time deliberating over whether Mr. Thompson should be fired than it did properly vetting whether he should have been hired,” states the letter. “The necessary investigation into whether certain senior executives and Board Members knew of Mr. Thompson’s deceptions before hiring him should not delay decisive action over his ethical breaches.”
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