Yahoo! Fires CEO! Again!

Yahoo is still struggling as a company. The latest CEO, Scott Thompson, who took over the CEO job this past January, is stepping down because of inconsistencies regarding falsified information on his resume. Or something.

From the EconomicTimes here:

Yahoo CEO Scott Thompson will step down Sunday amid controversy over mentions on his resume and in regulatory filings of a computer science degree he never received.

At various times, published summaries of Thompson’s academic background have included a computer science degree from Stonehill College. Thompson earned an accounting degree from Stonehill, a Catholic school near Boston, in 1979. He did not earn a computer science degree. Yahoo correctly lists that information in his biography.

Yahoo hired Thompson, the former head of eBay’s PayPal, in January to help orchestrate a turnaround. Though, Yahoo is one of the Internet’s most-visited websites, the company has struggled to grow in face of competition from the likes of Google and Facebook. The company’s difficulties have irked investors. Thompson took the helm as Yahoo’s fourth chief executive in less than five years.

Yeah, I’m one of those investors irked by Yahoo. I like their services such as Flickr, use their decent webmail app and enjoy their news aggregators. But there hasn’t been any innovation or forward movement with the company in what seems like forever. I hope they can get their feet back under them.