Photo: Flickr/Yodel Anecdotal
Yahoo’s board has a very hard decision to make today: whether or not it can live with having a CEO who, for the past dozen years or so at least, allowed people to mistakenly believe he had a computer science degree when he in fact does not.If Yahoo fires that CEO, Scott Thompson, it will have to name a fourth CEO in under a year.
If it doesn’t, the board will be essentially telling the industry and the company employees that it is OK to lie.
In one particular way, Yahoo’s board only has itself to blame for the mess.
That’s because the way the board hired Thompson was very unorthodox: it did it without the help of an executive recruting firm, the kind that usually fully vets candidates before recommending them.
In fact, according to All Things D, Thompson actually “cold-emailed” his way into the job.
Yahoo’s executive search firm, Heidrick & Struggles, got Thompson his job at eBay, so it couldn’t approach him about Yahoo’s CEO job.
Since Heidrick & Struggles wasn’t going to help him out, Thompson decided to take things into his own hands. He reached out directly to Yahoo board members, says Swisher, and began pitching himself for the job.