Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  EBay    EBAY

Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 04/20 10:00:00 pm
42.2 USD   +0.21%
04/20EBAY INC : quaterly earnings release
04/18EBAY : soars on Morgan Stanley "Double Upgrade"
04/17EBAY : Fee Changes for Listings in Multiple Categories Delayed
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Yahoo CEO says he never provided a resume

share with twitter share with LinkedIn share with facebook
share via e-mail
05/11/2012 | 04:31am CEST
The Yahoo! offices are pictured in Santa Monica

SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Scott Thompson, at the centre of a row over his educational qualifications, told his top executives on Thursday he never provided a resume or incorrect information to Yahoo, a source familiar with the situation said.

Thompson held a meeting with senior staff to address the controversy that erupted a week ago, and has caused turmoil at the struggling Internet company and raised questions about his future as CEO.

Yahoo acknowledged last week that Thompson, the former president of eBay Inc division PayPal, does not have a computer science degree, despite what was stated in his official company biography and in regulatory filings with the U.S. Securities and Exchange Commission.

Thompson sent an email to Yahoo employees earlier this week apologizing for the controversy, and saying he hoped a Yahoo board review of the matter would be concluded promptly.

In the meeting on Thursday, Thompson gave an account of the facts as he understood them, the source said, and provided executives with an opportunity to ask questions.

Thompson's official biography at Paypal also listed the inaccurate education details, and it was unclear how Yahoo obtained the information on his educational record when it employed him.

Keith Giarman, who heads recruiting of top executives for venture capital and private equity firms at executive search firm DHR International, said high-level executives don't usually directly provide their resume to potential employers,

Typically, he said, a recruiting firm will compile a dossier about their client, which would include the client's resume and the firm's assessment of the candidate, and send it directly to companies.

Yahoo declined to comment on which executive search firm it used during its CEO search. According to past media reports, Yahoo used Heidrick & Struggles for its CEO search, but the firm did not present Thompson as a CEO candidate to Yahoo due to a conflict resulting from its work placing Thompson at PayPal.

Heidrick & Struggles was not immediately available for a comment.

The controversy comes as Yahoo is trying to revive its revenue growth and its popularity with consumers amid fierce competition from Google, Facebook and other online companies.

Since taking the reins, Thompson has moved fast to shake things up at Yahoo, laying off 14 percent of staff last month and filing a patent infringement suit against Facebook.

The discrepancy in his educational background was brought to light by activist hedge fund Third Point, which is Yahoo's largest outside shareholder and is waging a bitter proxy battle to install a slate of four directors on Yahoo's board.

Third Point has called for Thompson to be fired and for Yahoo to let one of its director candidates oversee the search for a new CEO.

Earlier this week, Yahoo's board appointed a special committee to investigate Thompson's background and to review the "facts and circumstances" surrounding his hiring.

Patti Hart, the Yahoo board member who oversaw the search committee that hired Thompson, announced that she would not seek re-election to Yahoo's board, saying she needed to focus on her role as CEO of International Game Technology.

Shares of Yahoo, which finished Thursday's regular trading session at $15.44, were down 4 cents in extended trading.

(Reporting By Alexei Oreskovic with additional reporting by Poornima Gupta; Editing by Andre Grenon and Richard Pullin)

By Alexei Oreskovic

Stocks treated in this article : eBay Inc, International Game Technology, Yahoo! Inc.
Stocks mentioned in the article
ChangeLast1st jan.
EBAY 0.21% 42.2 Delayed Quote.11.82%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on EBAY
04/20EBAY INC : quaterly earnings release
04/18EBAY : soars on Morgan Stanley "Double Upgrade"
04/17EBAY : Fee Changes for Listings in Multiple Categories Delayed
04/14Supreme Court case could make sales tax-free e-commerce sites tougher to find
04/13Trade war or not, China is closing the gap on U.S. in technology IP race
04/13WAL MART STORES : Walmart is in advanced talks to acquire Amazon's India rival F..
04/12EXCLUSIVE : Walmart close to buying majority of India's Flipkart
04/10EBAY : New Listing Requirements Are Expanding to Additional Categories
04/06Walmart completes due diligence for buying into India's Flipkart - sources
04/05EBAY INC : Change in Directors or Principal Officers (form 8-K)
More news
News from SeekingAlpha
04/21STOCKS TO WATCH : Earnings Blockbusters And Trump Talks Drug Prices 
04/18PREMARKET GAINERS AS OF 9 : 05 am (04/18/2018) 
04/18Rally for eBay after Morgan Stanley two-notch lift 
04/16PAYPAL : Bitcoin An Opportunity Not A Threat 
04/11BEST E-COMMERCE STOCK : Amazon Vs. eBay 
Financials ($)
Sales 2018 11 001 M
EBIT 2018 3 059 M
Net income 2018 1 760 M
Debt 2018 5 622 M
Yield 2018 -
P/E ratio 2018 24,10
P/E ratio 2019 20,53
EV / Sales 2018 4,39x
EV / Sales 2019 3,93x
Capitalization 42 710 M
Chart EBAY
Duration : Period :
eBay Technical Analysis Chart | EBAY | US2786421030 | 4-Traders
Technical analysis trends EBAY
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 48,1 $
Spread / Average Target 14%
EPS Revisions
Devin N. Wenig President, Chief Executive Officer & Director
Thomas J. Tierney Chairman
Wendy Jones Senior Vice President-Global Operations
Scott F. Schenkel Chief Financial Officer & Senior Vice President
Stephen Fisher Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
EBAY11.82%42 710
JD.COM-9.61%53 314
SHOPIFY INC (US)25.53%12 705
RAKUTEN INC-25.35%10 385