GO
Loading...

Outgoing Yahoo Boss Told Board He Has Cancer: Report

Monday, 14 May 2012 | 3:22 AM ET

The outgoing chief executive of Yahoo told the board of directors and colleagues that he had been diagnosed with thyroid cancer days before quitting the post, The Wall Street Journal reported on Monday.

Scott Thompson, CEO of Yahoo
Source: Wikipedia
Scott Thompson, CEO of Yahoo

Scott Thompson disclosed his illness late last week before handing in his resignation, as evidence appeared to emerge that contradicted his claim that he wasn’t responsible for an error in his resume regarding his academic record, sources told the newspaper.

The Journal reported Thompson’s decision to step down as CEO at Yahoo was in part influenced by the diagnosis, which occurred in recent days as the board was investigating why his resume included a computer science degree which he had never attained.

The error in Thompson's resume appeared in a Yahoo regulatory filing and on Yahoo's and other corporate websites.

Yahoo's Thompson Won't Receive Severance
CNBC's Brian Shactman reports on the details of Yahoo CEO Scott Thompson's severance since he resigned from the company.

The struggling Internet firm said on Sunday that Thompson, its third CEO in three years, would leave immediately and be succeeded by Ross Levinsohn, a senior Yahoo executive who becomes interim CEO.

The firm has also brought an end to a proxy fight with hedge fund Third Point — its largest shareholder — by giving it three more seats on the board.

The Journal reported that Thompson told one colleague that he didn't want to publicly discuss the cancer diagnosis because he wanted to keep personal details private.

  Price   Change %Change
YHOO
---
EBAY
---
AOL
---
GOOGL
---
AAPL
---

Featured

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.