I've done a search for this on ATS but haven't seen it anywhere so here it goes.
I've been reading up on this and it's pretty interesting.
Turns out the person that was in charge of the CEO selection committee is also stepping down after the end of her term.
There are a couple of things I was thinking about all of this.. It's probable that the guy just lied and got caught. But what really happened
Did they just decide to reign this guy in because the company wasn't doing that great? If the company was raking in money, I don't think they'd be so
quick on the trigger.
Did he get "selected" for a CEO position that he didn't really deserve for some reasons that have yet to be known? It's possible. Also, you have to
wonder if this was some kind of error, either deliberate or accidental, that Scott Thompson had nothing to do with - Almost like a slipknot that the
board of directors planted very early on in the CEO selection process that they could use to oust the CEO if they weren't happy with his performance
after the first quarter.
It is funny how Dan Loeb, the CEO of Third Point, was the accuser and now has somehow "won" himself a chair on the board of directors through all of
this.. Not to mention 2 others he proposed.
The thing that tells me it could have been deliberate is that Yahoo didn't want to listen to all of this at first - Or as the article states "Play
ball". When it is possible that Yahoo staged this whole thing from the very beginning as a legal means of ousting the CEO in a last ditch effort to -
as they may call it - "save the company". Only to later say they don't want to "play ball" as a means of gaining plausible deniability.
Much happened behind the scenes that we may never know about. Maybe we'll learn what really happened.. Do any of you think this is as suspicious as
I? I would say follow the money but.. Then again Yahoo doesn't have any. The only vested interest in this whole thing is the party that won big in
the settlement AND got a seat on the Board of Directors.
(visit the link for the full news article)