Well. It's over for Yahoo.
Let's be honest. It's been over for a while. We forecast its impending death all the time. The company may not be "officially" dead, but it's truly as good as gone now that it's been revealed that CEO Scott Thompson "misrepresented" his education on his résumé. His bio and résumé have indicated that he received a computer science degree from Stonehill College when, in fact, he didn't. Haha! This "error" was revealed by board member Daniel Loeb, who -- as Kim Davis recently wrote -- has appeared to be planning Thompson's "bloodless assassination."
While Yahoo tried to cast this off as an "inadvertent mistake," that excuse doesn't really fly since Thompson was also fibbing about his education on his résumé when he was CTO of PayPal.
Nevertheless, here's Yahoo's statement:
Scott Thompson's degree at Stonehill College was in bachelor science in accounting. There was an inadvertent error that stated Mr. Thompson also holds a degree in computer science. This, in no way, alters that fact that Mr. Thompson is a highly qualified executive with a successful track record leading large consumer technology companies. Under Mr. Thompson's leadership, Yahoo! is moving forward to grow the company and drive shareholder value.
Well, Yahoo has one thing correct here: Scott Thompson's degree is BS.
Beyond that, this situation is mortifying, and the above statement by Yahoo makes it worse. Its approach to handling this has only armed onlookers (read: everyone) with a heavier load of stones to throw.
And because of that, it's time we release a statement of our own: Yahoo's obituary. Because as far as we're concerned, this company's life is officially over. Likely Yahoo will fire Thompson and try to carry on for a bit, but there's no life left there, and it's only a matter of time before it's all over. So we say why wait for the inevitable? Let us mourn now.
Yahoo, 1994 to 2012: Yahoo was founded in 1994 by David Filo and Jerry Yang who were Stanford PhD students (we think).
Its two most recent executives prior to its death were Carol Bartz, whose leadership was marked by several droppings of the F-bomb, and Scott Thompson, who BS-ed his way to the top (and then straight to the bottom).
Before doing everything possible to ensure failure, Yahoo enjoyed some success as a search portal with other services, like email and stuff.
Toward the end of its life, Yahoo witnessed a rapid fall from grace, turning down a $45 billion-dollar offer to be revived by Microsoft. Just prior to its passing, Yahoo began to show signs of senility, waking up some days thinking it was a startup. (Sigh.)
Yahoo, now so totally dead, is survived by Google and Facebook, and even AOL, which is especially pathetic.
Please feel free to weigh in on the message boards with your memories and sentiments for the dearly and depressingly departed-to-be.
— Nicole Ferraro , Editor in Chief, Internet Evolution