Insiders in the Yahoo investors circle are a bit distraught this morning, at the news that their CEO may not have the credentials he claimed to have had, and some of them are calling for blood. The soon-to-be Ex-CEO of Yahoo, Scott Thompson, claimed that he graduated from Stonehill College, outside of Boston, Mass. This is true, however, what he neglected to mention, is that his degree is not in Computer Science as he had previously claimed, but instead, in accounting.
“If Mr. Thompson embellished his academic credentials we think that it 1) undermines his credibility as a technology expert and 2) reflects poorly on the character of the CEO who has been tasked with leading Yahoo! at this critical juncture,” Daniel Loeb
The shamed CEO claimed that it was an ‘inadvertent error’, when he was exposed by activist investor Daniel Loeb,CEO of a hedge fund called Third Point that owns 5.2 percent of Yahoo. Some are reluctant to forgive, and are instead calling for the new-ish CEO’s head on a yahoo-colored platter. Yahoo, with the advent of Google, and to a much lesser extent, Bing, has been treading water as numbers shrink for the aging tech-giant.
Let’s look at some reasons why Yahoo should be feeling the heat:
- The email system is outdated, charges money for POP3 access that is usually free, that is, when it exists considering the newer, and preferable IMAP protocol.
- The search algorithm is inaccurate, has very little support for fuzzy terms
- Yahoo has been slacking with partnerships, getting yahoo as default search in OEM installs
- Bing – Internet Explorer, Google – Google Chrome, Yahoo – ????
It is the opinion of this writer that Yahoo should not be that older guy at the end of the night circling the snack table at the party while everyone is waiting for him to go home; leave the party while you are still a good memory in people’s minds. Leave them wanting more.
Maybe they forgot to ‘Google him’ before they hired him?? (hah see what I did there?)