Another day, another Yahoo scandal made worse by the company’s flat-footed response.Over the years, we’ve heard from Yahoos that it’s a company full of good ideas and promising innovations strangled by layers of process.
That bureaucratic tone is set from the top — by Yahoo’s board of directors.
Take a look at this key paragraph from a report by the WSJ about how the board reacted to revelations Thursday— THURSDAY! — that CEO Scott Thompson had lied about having a computer-science degree:
On Sunday, Yahoo’s board held a conference call to set in motion the process it would take to obtain more facts, including whether anyone at Yahoo had knowledge of the public discrepancies regarding Mr. Thompson’s academic record and what they did with such information, said people familiar with the matter. The board is hiring an outside law firm to help oversee the matter, one of these people said.
“Held a conference call.” “Set in motion the process.” “Obtain more facts.” “Hiring an outside law firm.”
The question is whether Yahoo’s CEO is fit to lead the company.
Where’s the urgency?