Ousted Yahoo! CEO Scott Thompson has cancer: report

May 14, 2012
Ousted Yahoo! chief executive Scott Thompson, pictured here, told board members before his resignation that he has cancer, the Wall Street Journal reported Monday. Thompson, who quit amid a controversy over inaccurate academic credentials, said the diagnosis played a role in his decision to step down, but that he did not want to publicly disclose his thyroid cancer, the newspaper said.

Ousted Yahoo! chief executive Scott Thompson told board members before his resignation that he has cancer, the Wall Street Journal reported Monday.

Thompson, who quit amid a controversy over inaccurate academic credentials, said the diagnosis played a role in his decision to step down, but that he did not want to publicly disclose his , the newspaper said.

He resigned amid a probe into why he had inaccurately stated he had a computer science degree.

The newspaper said Thompson, 54, reached an agreement to resign with some severance pay.

Five current board members, including director Roy Bostock and Patti Hart, will step down immediately and not end their terms at this year's annual shareholders meeting as originally planned, according to Yahoo!.

Thompson left a job as head of online payments firm PayPal, a key unit of Internet auction powerhouse , to take the Yahoo! helm.

Under Thompson, Yahoo! dumped products along with workers in a quest to put the company back on course.

Yahoo! said in April that it would slash some 2,000 jobs in a purge aimed at becoming a "smaller, nimbler, more profitable" company.

Explore further: Android grabs 85% of smartphone market: survey

add to favorites email to friend print save as pdf

Related Stories

New Yahoo CEO can't afford to dawdle on to-do list

Jan 05, 2012

(AP) -- When he takes over as Yahoo's CEO next week, Scott Thompson will be under more intense scrutiny than he faced the past three years while crafting PayPal's online payments service into one of the crown jewels in eBay ...

Source: Yahoo CEO says he didn't mislead company

May 11, 2012

(AP) -- Yahoo CEO Scott Thompson is assuring his colleagues that he didn't supply the incorrect information that led the troubled Internet company to list a bogus college degree in his official biography, according to a ...

Recommended for you

Microsoft sues Samsung alleging contract breach

20 minutes ago

Microsoft on Friday sued Samsung in federal court claiming the South Korean giant had breached a contract over cross-license technology used in the fiercely competitive smartphone market.

Apple closes acquisition of Beats music

7 hours ago

Apple said Friday it closed its $3 billion deal for Beats, the high-end audio equipment and streaming music service, a tie-up that could allow the iPhone maker to reach new audiences.

User comments : 0