Scott Thompson, Former Yahoo CEO, Has Cancer

Yahoo is full of announcements this morning because first it was reported that Scott Thompson was fired as the company’s CEO, but now there are reports that he was diagnosed with thyroid cancer. Our apologies to Scott’s family if the earlier reports of being fired from Yahoo were untrue.

Thompson reportedly told company’s board before stepping down as CEO over the weekend that he has cancer.

The Wall Street Journal cited unnamed sources in a story on Monday who said the disclosure came last week.

The former CEO resigned over the weekend amid a controversy over a computer science degree he never earned appearing on his official company biography.

A Journal source said the decision to leave was partially due to the cancer of the thyroid that Thompson said he was diagnosed with in recent days. The paper cite a source who said Thompson had wanted to keep the diagnosis private and had started treatment for it.

The cancer diagnosis adds a twist to the short tenure of 54-year-old Thompson at Yahoo.

He joined the company as CEO in January and only weeks ago had begun to outline his vision for the company after cutting 2,000 jobs and realigning divisions.

But he and the Sunnyvale Internet hub were dogged by an activist shareholder that owns 60 percent of Yahoo’s stock and was determined to gain some control of the board.

That shareholder, Daniel Loeb, and his hedge fund, Third Point LLC, won three of the four board seats it sought as part of a compromise worked out along with Thompson’s resignation.




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