Scott Thompson who was only five months served as CEO of Yahoo said it had resigned because of associated false memoir. When out, Thompson will have a net worth of U.S. $ 7 million (about USD 64 billion), which includes cash and stock.
As per the deal Yahoo and Thompson, this is not a severance. Thompson also lost much of its agreement with Yahoo's compensation, including stock and others.
This is because Thompson is considered to be the cause of breaking the contract. Predictably, the meaning of "cause" is a fake biography Thompson.
In addition to pressure to resign due to scandal, Thompson chose to step down as Yahoo CEO because he suffered thyroid cancer. Currently, Thompson is undergoing treatment.
"Yahoo and Thompson agreed to terminate all existing agreements, including those offered at the Thompson (during recruitment) and other plans, with no severance," Yahoo said in a statement.
Well, cash bonus and stock units will be given to Thompson's $ 7 million U.S. dollars it is the things that had been disbursed to Thompson prior to his resignation.
Scott Thompson left the eBay while serving as President of eBay's PayPal payments unit on January 4, 2012 and then and go Yahoo. He then chose to resign as CEO of Yahoo on May 13 last.
Corresponding press release from Yahoo, Yahoo finally promoting Ross Levinsohn, executive vice president of Yahoo as CEO while Yahoo, and Fred Amoroso as chairman of the board.
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