Yahoo CEO could be forced out by minority shareholder action around the honesty of his CV

In the growing controvercy around the recent hire of CEO Scott Thompson at Yahoo, Third Point Capital, a 6% shareholder, seems hell bent on removing all executives associated with the hiring process, and in particular Patti Hart. I guess a couple of things spring to mind here for debate.

Firstly, the accuracy of CV’s, not only in terms of qualifications but also content. They are after all a marketing document. Secondly, the right of interference from activist shareholders, whose impact at a time when Thompson is leading a tricky turnaround is not in the least bit helpful and serves, it would seem, to benefit no one. And what role did the Headhunter, Heidrick and Struggles really play in the creation of his CV for a previous role at PayPal? 

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Nick has built a reputation over 15 years as a leading protagonist in the Interim Management industry. He has started, bought, rebranded and sold interim management businesses. He is now focusing his attention exclusively at Board and Head of Function level.

   

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