Yesterday, during my exclusive coverage of the Yahoo baby flap, I neglected to cover a key point. So exclusive team coverage continues today. Besides, most of you didn’t even notice I posted. Perhaps if I cover the same topic two days in a row I’ll have a shot.
This week, Yahoo announced the selection of their new CEO. Marissa Mayer, a long-time Yahoo employee, takes over with a compensation package that will reportedly pay her more than $100 million over five years based on performance.
Marissa takes over as CEO of the troubled company and fills the position vacated recently by former Yahoo CEO Scott Thompson. In January 2012 Thompson became the CEO. By May 2012, Thompson was shown the door after questions were raised about discrepancies on the resume he provided. On the resume was a computer degree that Thompson did not actually have.
In other words, he lied. Or in modern parlance, he “padded his resume.” Or, for the cutsey among you, “resume malfunction.”
The reaction from Wall Street was interesting.
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