Archive for May 6th, 2012

6 May 2012

Padded CV? Hedge fund wants Yahoo CEO out

Oh dear…he said (and repeatedly filed at the SEC) that he has a degree in “accounting and computer science” – very useful if you want to run Yahoo. However, a hedge fund agitating for change and board seats at Yahoo has found out that it is actually only an accounting degree. Less useful. The fund is calling for the CEO, Scott Thompson, to be fired by Monday 7 May.

UPDATE 8 May 2012: Mr Thompson has now apologised for the disruption caused by disclosure of his incorrect CV, if not for the incorrect CV itself.

UPDATE 14 May 2012: He has now left Yahoo.

6 May 2012

Equity markets in structural decline?

From a Deutsche Bank note quoted on FT Alphaville:

6 May 2012

Derivative claim and unfair prejudice action against listed company

Caffyns plc, a family-controlled company (page 57 of 2010 Annual Report) with three classes of security on the UKLA Official List and a Premium Listing on the London Stock Exchange, is facing a derivative claim and an unfair prejudice action from a shareholder action group.

Follow

Get every new post delivered to your Inbox.

Join 42 other followers