1) He didn’t get the job as CEO because of his undergrad degree. He got the job because he led a business unit at Paypal.
2) The woman who resigned on the board who recommended him. How is it her fault? Is she responsible for the background check? No. Do you know the degrees of your colleages. I don’t. Would you know if they were embellished? No.
3) Sounds to me like HR dropped the ball on this. Every company has a protocall when an employee is hired
I don’t see firing ST. I don’t see how this would be good for the business. I also don’t see how this would solve “the problem.” Is there evidence that shows Scott Thompson provided the bio to Yahoo? Or did someone from Public Relations @ Yahoo just cut and paste his bio from Paypal. Once again, I doubt ST wrote the bio originally and he probably hasn’t looked at it in years if ever. If this was a criminal case, I don’t see how there is evidence that proves without a reasonable doubt that he maliciously provided a false bio. Too many questions that aren’t answered and haven’t been raised.
I knew you’d come up with some kind of BS argument.
Yahoo’s 10K literally has his “CS degree” listed in their filings, which as CEO he had to personally attest to its contents as accurate, right above his own signature.. and he hasn’t noticed the error after several years of it.
The CFAI curriculum literally has this exact scenario in its ethics section. Even if it’s not a error made by him, it’s been going on so long that he should have know. and thus: violation.
What you do not seem to understand is the CFAI is a private organization. They can do whatever they want if it falls within US law. Scott Thompson is not a member of the CFAI thus has no obligation to the organization. You would have to be a member to be in violation of their little bylaws.
As I have said, if it can be proven that:
1) Scott Thompson wrote the bio originally
2) Scott Thompson provided the bio to Paypal
Then he should be held accountable. At this point no evidence suggests that he did either. All Loeb has been able to state is ST’s bio is incorrect.
If any of you are following the US Senate race with Scott Brown and Elizabeth Warren EW claims she is a minority and has been checking off the minority box for years. She is as white as snow. It can be argued that that is how she got her job at Harvard Law School. She is not Cherokee as she claims. Harvard is not going to sanction her nor is anything going to come out of this. Seems like a similar situation.
All of you armchair attorneys need to understand the difference between morals, ethics, and LAW. It can not be proven that ST broke any laws. Maybe unethical behavior has transpired but it has yet to be proven.
Well obviously he’s not a member of CFAI, I was just using that as an example that it’s been wrong for so many years and years that he should have known.
Bec he did nothing about it, he either was keeping the lie going, or lying about knowing it was wrong. Either of those reasons should be dismissal
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
^^^Yeah, but I doubt he signs the 10K. He probably just has somebody in HR do it. I mean seriously, there are way more important things for him to do than write his bio or sign some form. When you’re controlling the strategic direction of the a company that size, you don’t have a lot of time for trivial tasks. Totally not his fault. Somebody’s head should roll, but it shouldn’t be his. One time I saw my bio with the wrong school on it because marketing f’d up…better believe I didn’t take the fall on that one.
Actually, this is wrong. After the Enron and Worldcom scandals, CEOs have been required to personally sign the company’s public documents and are held liable for factually incorrect contents. He certainly would have a team that vets this document, but it’s his name on the page, and the way the law works, he is liable for all contents. I believe shareholders could sue for this type of misinformation.
Sure, but you know that HR just has some signature stamp that they use. There is no way the CEO can be troubled to review the quarterly financial results. That’s the CFO’s job.
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
^ Yes, the CEO won’t personally verify every single figure and data point in the financials, but the whole point of SarbanesOxley was that if sh*t goes wrong, the CEO is the one liable.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
are you guys seriously questioning whether hte CEO knew he lied or not? its absurd to think he doesn’t know what was written in the bio. this is not some esoteric accounting adjustment….
It’s not about Yahoo’s financial statement. He lied about his credentials when he was being recruited for the job at Yahoo. If Yahoo keeps him around, that’s like saying it’s ok for normal Yahoo job candidates to put fake degrees on their resumes.
Sarbanes-Oxley only requires that CEO’s certify the appropriateness of their financial statements and disclosures and to certify that they fairly present, in all material respects, the operations and financial condition of the company. SOX does not require that the CEO certify that every statement made in a filing is correct. That being said, Mr. Thompson should be aware of what is in his biography, particularly since it has been incorrect for a long time now. Anyone who thinks he didn’t know what it said is being naive. I’m pretty sure if the bio said he enjoyed sleeping with goats he would have corrected it.
Blake is likely right that no law has been broken, but the court of law is not what matters here, the court of public opinion is and it has no set rules or regulations. OJ was acquitted in a court of law (the first time anyway), but the court of public opinion convicted him and we all know how well that worked out for him. While lying on your bio is no where near comparable to practically decapitating a couple of people, it cannot be acceptable when the CEO is supposed to be the embodiment of the company’s mission and values. I have never seen Yahoo’s mission statement, but I doubt is says they strive to get to the top even if they have to push honesty and ethics aside. IMO, Mr. Thompson told a little white lie early in his career and never imagined it could have the long-term implications that it is now having. Ironically, he likely took the classes that would have fulfilled the CS degree requirements and could have easily altered his bio to say he had a concentration in CS. His school might even have issued him a new degree if he asked.
are you guys seriously questioning whether hte CEO knew he lied or not? its absurd to think he doesn’t know what was written in the bio. this is not some esoteric accounting adjustment….
Where is the evidence that he lied you moron? Have you seen his resume? No one has besides the people that interviewed him. Loeb hasn’t either.
Just because some idiot in public relations or marketing posts a bio on the internet doesn’t mean that he wrote it. Understand this. Until evidence proves that he is the one that embelished his degree, nothing should come of this. It is in the best interest of shareholders of Yahoo.
Blake’s probably defending this absurdity because he’s guilty of it himself. His work profile is probably filled with fake degrees and work experience.
That or he’s just trolling.
Actually, you know what, he’s probably just trolling. Wouldn’t be the 20th time..
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
I always just picture him as the guy in Office Space screaming, “I have people skills; I am good at dealing with people. Can’t you understand that? What the hell is wrong with you people?”
Well if saying something makes it true, I am the only person on this forum who once saved a baby at the zoo by using an 18 foot Crocodile to club a Killer Whale to death.
I am also the only person on this forum who can type using all ten fingers.
I don’t know. Now that Blake mentions that he “deals with executives and their assistants”, maybe we should just agree with him. EXECUTIVES and their ASSISTANTS, people!
Blake has a masters degree. He takes people lying about their degrees seriously. It’s an affront to the superior skill and knowledge that he achieved by getting his masters degree.
This goes double for people that lie about their brother’s prenups.
Triple for people who do not presume that Zimmerman is guilty until proven guilty.
Formerly ChickenTikka - Member of the Order of the Righteous Rusty Hacksaw
Blake has a masters degree. He takes people lying about their degrees seriously. It’s an affront to the superior skill and knowledge that he achieved by getting his masters degree.
This goes double for people that lie about their brother’s prenups.
Triple for people who do not presume that Zimmerman is guilty until proven guilty.
And don’t even talk about Chipotle…. do not even talk about the Chipotle….
Ok, back on topic. Blake is absolutely RIGHT about the CEO not knowing about this. I know, I was there.
Most of the posters on this board are such wannabes with their ad hominem attacks on Blake just because they disagree with him and have no real firepower to back it up. Posers.
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
Well obviously he’s not a member of CFAI, I was just using that as an example that it’s been wrong for so many years and years that he should have known.
Bec he did nothing about it, he either was keeping the lie going, or lying about knowing it was wrong. Either of those reasons should be dismissal
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
It’s not about whether he can do the job well. But if your CEO fakes his degree, what does that say about your company?
It’s like if a President faked his citizenship. Wait….didn’t mean to go there….:)
Cities teem with evil and decay, let’s give it a good shake and see what falls out!!
^ haha nice
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
Studying With
Sure, but you know that HR just has some signature stamp that they use. There is no way the CEO can be troubled to review the quarterly financial results. That’s the CFO’s job.
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
^ Yes, the CEO won’t personally verify every single figure and data point in the financials, but the whole point of SarbanesOxley was that if sh*t goes wrong, the CEO is the one liable.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
are you guys seriously questioning whether hte CEO knew he lied or not? its absurd to think he doesn’t know what was written in the bio. this is not some esoteric accounting adjustment….
Studying With
I agree, but at the end of the day HR is the one responsible for the Ks and Qs, or marketing.
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
It’s not about Yahoo’s financial statement. He lied about his credentials when he was being recruited for the job at Yahoo. If Yahoo keeps him around, that’s like saying it’s ok for normal Yahoo job candidates to put fake degrees on their resumes.
“I’m a CPA! I got money b***h!”
Sarbanes-Oxley only requires that CEO’s certify the appropriateness of their financial statements and disclosures and to certify that they fairly present, in all material respects, the operations and financial condition of the company. SOX does not require that the CEO certify that every statement made in a filing is correct. That being said, Mr. Thompson should be aware of what is in his biography, particularly since it has been incorrect for a long time now. Anyone who thinks he didn’t know what it said is being naive. I’m pretty sure if the bio said he enjoyed sleeping with goats he would have corrected it.
Blake is likely right that no law has been broken, but the court of law is not what matters here, the court of public opinion is and it has no set rules or regulations. OJ was acquitted in a court of law (the first time anyway), but the court of public opinion convicted him and we all know how well that worked out for him. While lying on your bio is no where near comparable to practically decapitating a couple of people, it cannot be acceptable when the CEO is supposed to be the embodiment of the company’s mission and values. I have never seen Yahoo’s mission statement, but I doubt is says they strive to get to the top even if they have to push honesty and ethics aside. IMO, Mr. Thompson told a little white lie early in his career and never imagined it could have the long-term implications that it is now having. Ironically, he likely took the classes that would have fulfilled the CS degree requirements and could have easily altered his bio to say he had a concentration in CS. His school might even have issued him a new degree if he asked.
You can fondle the cube, but it will not respond.
Where is the evidence that he lied you moron? Have you seen his resume? No one has besides the people that interviewed him. Loeb hasn’t either.
Just because some idiot in public relations or marketing posts a bio on the internet doesn’t mean that he wrote it. Understand this. Until evidence proves that he is the one that embelished his degree, nothing should come of this. It is in the best interest of shareholders of Yahoo.
~~~~~Live. Laugh. Love.~~~~~
Blake’s probably defending this absurdity because he’s guilty of it himself. His work profile is probably filled with fake degrees and work experience.
That or he’s just trolling.
Actually, you know what, he’s probably just trolling. Wouldn’t be the 20th time..
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
It’s pretty obvious Blake doesn’t have the slightest clue about what the role of a CEO in a public company is.
I always just picture him as the guy in Office Space screaming, “I have people skills; I am good at dealing with people. Can’t you understand that? What the hell is wrong with you people?”
I used to smoke pot and go to class.
Sneak in ten minutes late with a bullsh*t excuse.
Slink down low at my desk.
Pray to god nobody asked me any questions.
I was the best teacher ever.
^ wow, I can totally see that.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
you think he is overweight as well? piggish face? fat stubby fingers so he always has to press the backspace button which adds to his frustrations?
Studying With
You guys are just mad at Blake because he is always right and you are always wrong.
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
It seems I am the only person on this forum who deals with executives and their assistants so I know how it works.
I’m also the only person who seems to understand the difference between allegations and proven fact.
~~~~~Live. Laugh. Love.~~~~~
Well if saying something makes it true, I am the only person on this forum who once saved a baby at the zoo by using an 18 foot Crocodile to club a Killer Whale to death.
I am also the only person on this forum who can type using all ten fingers.
I used to smoke pot and go to class.
Sneak in ten minutes late with a bullsh*t excuse.
Slink down low at my desk.
Pray to god nobody asked me any questions.
I was the best teacher ever.
^ only because the croc was only 17.5 feet long when I did it the year before.
You can fondle the cube, but it will not respond.
I don’t know. Now that Blake mentions that he “deals with executives and their assistants”, maybe we should just agree with him. EXECUTIVES and their ASSISTANTS, people!
“I’m a CPA! I got money b***h!”
LOL
He deals with executives and their secretaries, LEAVE HIM ALONE!!!
edit: damn Ohai. beat me to it
I used to smoke pot and go to class.
Sneak in ten minutes late with a bullsh*t excuse.
Slink down low at my desk.
Pray to god nobody asked me any questions.
I was the best teacher ever.
Well now I just feel bad for that poor crocodile. I thought it was looking at me with this horrified “not this sh*t again” look on it’s face
I used to smoke pot and go to class.
Sneak in ten minutes late with a bullsh*t excuse.
Slink down low at my desk.
Pray to god nobody asked me any questions.
I was the best teacher ever.
Studying With
Blake has a masters degree. He takes people lying about their degrees seriously. It’s an affront to the superior skill and knowledge that he achieved by getting his masters degree.
This goes double for people that lie about their brother’s prenups.
Triple for people who do not presume that Zimmerman is guilty until proven guilty.
Formerly ChickenTikka - Member of the Order of the Righteous Rusty Hacksaw
Executives. And their assistants. Mother of god.
And don’t even talk about Chipotle…. do not even talk about the Chipotle….
I used to smoke pot and go to class.
Sneak in ten minutes late with a bullsh*t excuse.
Slink down low at my desk.
Pray to god nobody asked me any questions.
I was the best teacher ever.
Studying With
[grabs popcorn and awaits AF deathmatch]
I don’t want to interupt, but as an aside, did anybody else read:
“Yahoo CEO in Spotlight Over Resume Fap”
(maybe im just on Reddit too much)
^ That’s what I see everytime I look at the heading. At this point it’s hard to say which would be more humorous.
Back on topic, if you guys aren’t careful Blake’s going to call you all morons again.
I used to smoke pot and go to class.
Sneak in ten minutes late with a bullsh*t excuse.
Slink down low at my desk.
Pray to god nobody asked me any questions.
I was the best teacher ever.
I kinda imagine blake like Will Ferrell in this: I DRIVE A DODGE STRATUS. PEOPLE FEAR ME.
Studying With
Ok, back on topic. Blake is absolutely RIGHT about the CEO not knowing about this. I know, I was there.
Most of the posters on this board are such wannabes with their ad hominem attacks on Blake just because they disagree with him and have no real firepower to back it up. Posers.
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
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