5 Short-Lived CEO Stints

Yet despite quick tenures, several execs still made a pretty penny

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Scott Thompson

Yahoo Logo 185 5 Short Lived CEO StintsCompany: Yahoo
Tenure: Four months

It’s a battle between Ron Johnson and Scott Thompson over which quickly ousted CEO is the more infamous.

Yahoo (YHOO) hired Thompson in January 2012, and things began to unravel just a few months later. Dan Loeb, activist investor and CEO of Third Point, sent a letter to the board questioning his resume — and that questioning turned out to be justified.

Thompson falsely listed a computer science degree not just on his resume, but on his online bios — including the one in Yahoo’s SEC filing. By mid-May, he had gotten the boot.

The lying hurt Thompson’s wallet, too, as he was fired without a severance package. Luckily, he kept his $1.5 million bonus along with $5.5 million in restricted stock — and that stock has soared around 80% since he left, under the guidance of current CEO Marissa Mayer.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/5-sad-short-lived-ceo-stints/.

©2014 InvestorPlace Media, LLC

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