Latest in Scott Thompson

Third Point CEO Daniel Loeb seems to have gotten just about everything he could want from the settlement agreement with Yahoo, disclosed today in an SEC filing. Yahoo agreed to pay Third Point $4M to compensate for its campaign to gain four board seats. Loeb settled for three, including one for himself. In return…

UPDATE, 12:31 PM: The Wall Street Journal is reporting that Yahoo CEO Scott Thompson told the board over the weekend that he has been diagnosed with thyroid cancer. The WSJ says the disclosure might have impacted the company’s decision to accept Thompson’s resignation. The report adds that Thompson began telling…

Things are still in flux — the Yahoo board is meeting this morning to discuss, AllThingsD reports. Still, the ability of hedge fund manager Daniel Loeb to force Yahoo’s hand raises big questions about the company’s strategic direction. For now, it seems that Global Media Head Ross Levinsohn will step in as interim CEO…

Third Point CEO Daniel Loeb, who controls 5.8% of Yahoo’s shares, continues to punch away at the Yahoo board — which seems to already be on the ropes following the disclosure that Thompson misrepresented his bachelor’s degree. This morning Loeb sent directors a letter urging them to place himself and three colleagues…

UPDATE, 12:40 PM: Yahoo‘s board has announced it has formed a special committee to review CEO Scott Thompson’s academic credentials and how they were disclosed during the hiring process. It has brought on an independent counsel to help with the review. “The special committee and the entire Board appreciate the urgency…

This is the next shoe to drop after the board didn’t go along with the demand by Third Point chief Daniel Loeb to fire Yahoo CEO Scott Thompson by noon ET today. The hedge fund manager. who controls 5.8% of Yahoo shares, says that Delaware General Corporation Law entitles him to inspect books and records beginning…

UPDATE, 12:45 PM: Here’s Yahoo’s response to Daniel Loeb: "As we have previously said, the board is reviewing this matter and, upon completion of its review, will make an appropriate disclosure to shareholders.” PREVIOUS, 12:11 PM: Third Point CEO Daniel Loeb, who owns 5.8% of Yahoo‘s stock, made his demand following…

This isn’t a huge scandal, but it does provide Third Point CEO Daniel Loeb — who owns 5.8% of Yahoo shares — with some fodder for his campaign to shake up the company’s board. It seems that Yahoo’s draft proxy statement and web site say that CEO Scott Thompson earned a bachelor’s degree from Stonehill College in…

UPDATE, 3:10 PM: Scott Thompson gave analysts fair warning that they’re in for a roller-coaster ride while he deals with the rot he found at Yahoo after he landed the top job in January. Following his recent 2,000 layoffs, Thompson says he plans to pull the plug on some unnamed technologies, consolidate several…

There’s one more corporate casualty at Yahoo following this week’s 2,000 layoffs: Chief Product Officer Blake Irving, whose operation was hit hard by the sackings, resigned. He opposed CEO Scott Thompson’s decision to let 14% of the company’s workforce go without first articulating a strategy, according to AllThingsD…

The layoff of “what could be thousands of employees” would come ahead of an announcement the following week of a restructuring at Yahoo, according to the Wall Street Journal’s All Things D blog. The same blog said this was coming earlier this month. The latest report says most of the cuts from the 14,000-plus work…

The damage could be “in the thousands” and could take place by the end of this month, AllThingsD reports. The website says that Yahoo CEO Scott Thompson is targeting the company’s large products organization, as well as “public relations and marketing, research, marginal businesses and weaker regional efforts.&#8221…