We’re closing in on 86 hours, or just over three and a half days since Third Point Capital revealed Yahoo’s CEO Scott Thompson had a big mistake in his biography.Other than calling the mistake “an inadvertent error,” Yahoo has been totally quiet on the matter. CEO Scott Thompson hasn’t said anything publicly, only telling employees to keep their heads down and ignore the distraction that he created.
This is absurd.
Yahoo, we need to hear an explanation. And we should have heard it first thing this morning.
All weekend, Yahoo’s board, and its various PR crisis firms have been knocking their heads together to come up with a solution to the embarrassing mess Thompson and the board have created.
Thus far, their answer has been to say nothing.
This isn’t like when Apple took a while to respond to “Antennagate”. It had to do actual tests of a complicated piece of machinery, so it makes sense that it took its time.
This is one guy — Scott Thompson — making a mistake in his resume. Yahoo simply has to ask him how it happened. And then Yahoo’s board members need to figure out how they screwed up.
And when that mystery is solved, either Scott Thompson needs to be fired, or Yahoo needs to reveal what the heck happened.
This story is not going to die without a full explanation. Loeb sees that he wounded Thompson and now he’s going in for the kill.
Yahoo, if you think he’s just going to let this drop, then you’re even more delusional than we thought.
So, get your ducks in a row and release a substantive explanation of what’s happening as soon as possible.
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