Scott Thompson (businessman)
13 November 1957
|Alma mater||Stonehill College (degree in Accounting)|
|Board member of||Kabbage Inc, Vertica Systems Inc, Zuora Inc.|
Early life and education
Thompson was born November 13, 1957, in Taunton, Massachusetts, and grew up in nearby Raynham. He was an accounting major from Stonehill College, a private Catholic school in Easton, Massachusetts.
In early April 2012, Thompson announced and executed a plan to reduce Yahoo!'s 14,000 employees by 2,000, or 14% of the workforce. Several executives left Yahoo! just before the layoffs began.
College degree controversy
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Yahoo! hired Thompson as CEO in January 2012. On May 3, 2012, activist investor Dan Loeb, CEO of Third Point LLC, sent a letter to Yahoo's Board of Directors and made the contents of the letter public in a press release. The letter cites a Yahoo! SEC filing stating that Thompson "holds a Bachelor's degree in accounting and computer science" from Stonehill College and that Loeb had reason to believe that the degree was "in accounting only". Loeb questioned if Thompson had "embellished his academic credentials" and questioned if the Board had "failed to exercise appropriate diligence and oversight in one of its most fundamental tasks – identifying and hiring the Chief Executive Officer." The basics of hiring the chief executive officer were subsequently overlooked.
Yahoo!'s filings with the SEC stated that Thompson "holds a Bachelor’s degree in accounting and computer science from Stonehill College". However, the 2008–10 proxy statements of eBay, Thompson's former employer, only noted an accounting degree. Yahoo! initially acknowledged the misstatement as "an inadvertent error", then subsequently began an investigation. Stonehill College responded to press inquiries by stating that Thompson was granted a B.S.B.A. degree in Accounting.
On May 13, 2012, Yahoo! issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.
Prior to Yahoo!, Thompson worked for eBay subsidiary PayPal as President and, before that, Senior Vice President and Chief Technology Officer, where he oversaw information technology, product development, and architecture.
Thompson has also worked as Executive Vice President of Technology Solutions for Inovant, a subsidiary of Visa Inc. that oversees the company's global technology. At Inovant, he was responsible for all development, support, and maintenance of Visa's global payment system. He was also Chief Information Officer at Barclays Global Investors, where he implemented a technology platform and global infrastructure, but was fired for alleged disagreements about strategy. In addition, he worked for Coopers & Lybrand, delivering information technology solutions to leading financial services clients such as Wells Fargo.
- Protalinski, Emil (2012-07-23). "Former Yahoo Chief Scott Thompson Hired As New CEO of ShopRunner". Thenextweb.com. Retrieved 2013-01-03. CS1 maint: discouraged parameter (link)
- Efrati, Amir; Bensinger, Greg (July 24, 2012). "Ousted Yahoo Chief Lands New CEO Role". The Wall Street Journal. p. B3. Retrieved July 24, 2012. CS1 maint: discouraged parameter (link)
- Carlson, Nicholas (April 4, 2012). "Yahoo Fires Thousands". Business Insider. Retrieved May 14, 2012. CS1 maint: discouraged parameter (link)
- "Yahoo Brainiac Drain Continues: Goodbye to Broder, Mao - Kara Swisher - News". AllThingsD. 2012-03-27. Retrieved 2013-01-03. CS1 maint: discouraged parameter (link)
- "Exclusive: Yahoo's Chief Product Officer Blake Irving Resigns - Kara Swisher - News". AllThingsD. 2012-04-05. Retrieved 2013-01-03. CS1 maint: discouraged parameter (link)
- Reuters (2012-03-14). "Yahoo sues Facebook over 10 patents - Business News | IOL Business". IOL.co.za. Archived from the original on May 19, 2012. Retrieved 2013-01-03. CS1 maint: discouraged parameter (link)
- Levine, Dan. "Yahoo sues Facebook for infringing 10 patents". ABS-CBN News. Retrieved 2013-01-03. CS1 maint: discouraged parameter (link)
- Barnett, Emma (April 4, 2012). "Facebook sues Yahoo". The Daily Telegraph. London.
- "Facebook Smacks Back at Yahoo With Patent Claims in Counter-Lawsuit - Kara Swisher - News". AllThingsD. 2012-04-03. Retrieved 2013-01-03. CS1 maint: discouraged parameter (link)
- "Biographical info on Yahoo CEO Scott Thompson". Bloomberg Businessweek. Associated Press. May 14, 2012. Retrieved May 14, 2012. CS1 maint: discouraged parameter (link)
- "Third Point LLC Letter To Yahoo! Board Of Directors Regarding Discovery Of... - NEW YORK, May 3, 2012 /PRNewswire/". Prnewswire.com. Retrieved 2013-01-03. CS1 maint: discouraged parameter (link)
- Tsukayama, Hayley (May 4, 2012). "Yahoo says CEO Scott Thompson does not have computer science degree". The Washington Post. Retrieved May 4, 2012.
Mr. Thompson holds a B.S. degree in Accounting from Stonehill CollegeCS1 maint: discouraged parameter (link)
- "Yahoo's Response on CEO's Computer Science ResumeGate: "Inadvertent Error"". May 3, 2012. Retrieved May 4, 2012. CS1 maint: discouraged parameter (link)
- Efrati, Emir; Lublin, Joann S. "Yahoo Probes CEO's Hiring". The Wall Street Journal. p. B2.
- "Yahoo! Names Fred Amoroso Chairman and Appoints Ross Levinsohn Interim CEO (NASDAQ:YHOO)". Investor.yahoo.net. Archived from the original on 2013-09-25. Retrieved 2013-09-21. CS1 maint: discouraged parameter (link)
- "It's Official: Yahoo Reorgs Itself Just Like We Said (Memo Time!) - Kara Swisher - News". AllThingsD. 2012-04-10. Retrieved 2013-01-03. CS1 maint: discouraged parameter (link)
- Oreskovic, Alexei (May 11, 2012). "UPDATE 2-Yahoo CEO says he never provided a resume-source". Reuters.
- "Scott Thompson: Executive Profile & Biography". BusinessWeek. Retrieved 12 July 2010. CS1 maint: discouraged parameter (link)
- "2011 Northern California region award recipients". Ernst & Young. Retrieved May 13, 2012. CS1 maint: discouraged parameter (link)
- Seth Fiegerman (2012-05-14). "Scott Thompson Diagnosed With Thyroid Cancer". Business Insider. Retrieved 2013-09-21. CS1 maint: discouraged parameter (link)
- Morphy, Erika. "Thompson's Cancer: A New Twist to the Yahoo Saga - Forbes". Forbes.
| Chief Executive Officer of Yahoo!