...It's not about the CEO lying as much it is off process gaffe

Ok. So, Scott Thomson, CEO, Yahoo is not a Computer Science graduate.  His resume is fake. My question - What about internal controls and HR processes..?  It's hard to believe that there is no such thing called credential verification in such a large corporation as Yahoo..  If HR has such major lapses while hiring its top gun, we can imagine how much sloth must have crept into other functions like Purchase, Accounting, Sales and Administration - something that explains why Yahoo is not able to shake off its `troubled' adjective even after close to a decade...

Thompson was hired from PayPal in January, four months after previous CEO Carol Bartz was acrimoniously ousted, and Yahoo — so far, at least — has maintained that computer science degree or not, Thompson is qualified for the job. He very well may be, but the perception of impropriety may be too much for Yahoo to bear.

The Yahoo! crystal gaze

I can’t say this about fortunes of the company, but there is hardly a dull day at Yahoo!

Jerry Yang, founder and outgoing CEO said this earlier in a memo to the troops - "All of you know that I have always, and will always bleed purple. I will always do what I think is right for this great company. While this step will be an adjustment for all of us, I know it's the right one."

He exits not only bleeding, but battered into a stunning shade of aubergine after months of public pummeling for passing on a Microsoft buyout and failing to firm up a viable alternative strategy as the stock tanked. The initial burst of enthusiasm that sent the company's market cap up by about $2 billion in early trading reflected a consensus that this was a step that had to be taken before anything else could happen, and a later partial retreat showed those hopes tempered by the reality of the challenges that still face Yang's successor.

So now what? Attention has quickly turned to speculation on a successor, and the perception that Yahoo's problems are systemic bodes ill for any in-house candidates, like President Sue Decker. "The next hire has to be a statement; it can't be from inside the company," said Rick Munarriz, an analyst with the Motley Fool. "You don't need a Yahoo again. The first thing they should do with the new CEO is cut him open and if he bleeds purple they kick him out."

But then there is the big Carl (Icahn) pushing for someone -- anyone -- who will get the deal done so he can cash in and check out.

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Microhoo deal is very much on

So, what’s happening to the Microsoft-Yahoo (Microhoo) deal? I don’t get to hear much on that. Meanwhile MSFT acquisition engine has not slackened its pace. Here it adds to its Bay area presence by acquiring Rapt, a software and consulting services provider that helps online publishers optimally price and package their display space.

Now I have no illusions of MSFT dropping off on Yahoo acquisition. If anything it means it is even more serious in taking on Google and become an online advertising heavyweight. With Yahoo gone, online application developers were a worried lot. They lost a major acquirer of their businesses. Now they should be breathing a lot easy with Microsoft picking up the slack.

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