Photo: Yodel Anecdotal
One of Scott Thompson’s biggest supporters has finally spoken out about the scandal that cost him his job as CEO of Yahoo.He thinks Thompson got screwed.
“It felt like, honestly, Yahoo’s board hung Scott out to dry,” says Zurora CEO Tien Tzuo. “I don’t know if the whole story will ever come out, but I think the whole story is a lot more complicated than what you read in the press.”
Thompson was—and still is—a board member for Tzuo’s hot startup, Zuora. Zurora is a cloud service that offers billing software to businesses. Tzuo, its founder, is known in Silicon Valley from his days as a big wig at Salesforce.com.
Tzuo was also one of Thompson’s biggest supporters when he landed the job at Yahoo, even writing an article for Business Insider titled “Why Scott Thompson Is The Right CEO For Yahoo.”
He wrote it when people were questioning whether Thompson had the right background to turn Yahoo around. A few months later, Thompson landed himself in a big, fat scandal over his academic credentials. He left the CEO job. Shortly after that Thompson was out as a board member for two other public companies, F5 Networks and Splunk.
Thompson’s name remained on Zuora’s website, but there was no other word from Tzuo or Zurora, despite repeated questions from Business Insider about it.
Tzuo finally explained the silence to us.
“I didn’t think it was appropriate for us to comment on it, but hopefully our actions show that we continue to be a big supporter of Scott Thompson’s,” he told us. “He continues to remain on the board, and he continues to be an active contributor to our company.”
At the time Thompson left his job at Yahoo, he reportedly told the board he’d been diagnosed with thyroid cancer.
His four-month stint netted Thompson $7 million, between a signing bonus and stock awards, we reported earlier.
Zuora is still private, so it doesn’t disclose what it pays its board members. But it is on track for an IPO in 18 months or so, too.