Yahoo CEO

Daniel Loeb, a New York hedge fund manager and who owns a 5. Per cent stake In Yahoo, came out In open to share his view against the company and Scott Thompson. However, Dan Lyons at The Dally Beast supported Thompson. Yahoo was quick to call the mistake an “inadvertent errВ« but after increasing pressure the board hired an outside counsel for the investigation (Epitome J, 2012). Thompson, later on sent a memo to the employees apologizing for the scandal (Goldman D, & Epitome J, 2012) Was it appropriate for a giant like Yahoo to call the mistake an “inadvertent error”?
I believe No. If you produce a zero error on your balance sheets, and In the internet services you provide o your customers then this reasoning would simply be a blunder. COOS actions were ethically irresponsible because he was breaching the trust of board of directors who had hired him, in this case, without verifying his credentials on resume. Also, socially irresponsible because there are investors, people who trust CEO and any such incident on his part does send a bad signal to them.
There are two things to debate upon – Should Yahoo have fired Scott Thompson the moment they found out that he lied on his resume? & Was It ethical on the part of Scott Thompson, considering the session he was In, to falsely claim the degree he never received? I would particularly like to be aggressive on each of the two questions. Yes, Yahoo should have immediately fired Scott Thompson the moment the allegations were verified. In doing so, the company would have set good example of holding good morals.

The CEO is the top most level in any corporate the employees look up to, in terms of role model and as a leader. Any allegations on him could set a bad tone down the ladder In the company. Falling to fire him could have sent a bad signal at the lower order of getting way with the things and who knows many more such cases might show up in the near future. According to the consequentiality model, the only thing that matters is the consequence of your act. The act, whether right or wrong, decides the fate of the person and of the other people who should also bear the consequences (Moldavia, M).
The consequentiality model in this case did not apply to the Coo’s actions. The outburst of his lie cost him his Job and also put the reputation of Yahoo at stake, however on some level It could be argued that he was trying to Improve the existing condition of Yahoo, but not for too long. Also, that did not prove positive to any of the person in the company considering his short tenure. The share prices collapsed and the company was In the limelight for the wrong reason.
Also, it is not ethical on the part of any CEO to make false claims in his resume. Had Scott rectified his resume and removed the Computer Science degree from It, exactly the same way have been much different now for Yahoo. Scott, during his short tenure at Yahoo took some crucial steps of laying off 14% of the employees (Lied, M, 2012) in an effort to improve the financial condition of the company. Had he been there for a longer period, he might have raised the company’s financial position and the situation would have been completely different.
However, his small act of not removing the false claim from his resume proved too costly for him and in turn for Yahoo. Communitarian’s theory of moral reasoning also has no application with Scott Thompson. The theory states to be true to your contracts, whether implicit or explicit, in which you willfully enter (Moldavia, M). However, in this case Scott Thompson signs in the annual report right below the line that says “This report does not contain NY untrue statement of a material fact. ” (Epitome J, 2012, Pl 73) This is complete contradiction to the theory of Communitarian’s.
Another thing to notice is that Scott Thompson did not feel to resign from his position. Instead he sent an apology memo to all the employees (Goldman D, & Epitome J, 2012). Who knows, Yahoo might have not even accepted his resignation, owing to his future productive plans, similar to the case of Bausch & Lomb CEO Ronald Carmella, who placed his resignation, on account of false degree claims in his resume, to the board only to be later rejected and then e served another six years before retiring in 2008.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Human Resources Management (HRM)
excellent
Customer 452773, June 25th, 2023
Business and administrative studies
excellent work
Customer 452773, March 12th, 2023
Human Resources Management (HRM)
excellent job
Customer 452773, June 25th, 2023
Business and administrative studies
excellent work
Customer 452773, March 9th, 2023
Business and administrative studies
excellent job
Customer 452773, March 12th, 2023
Business and administrative studies
Thank you for your hard work
Customer 452773, October 19th, 2023
Nursing
thank you so much
Customer 452749, June 10th, 2021
Leadership Studies
awesome work as always
Customer 452773, August 19th, 2023
Business and administrative studies
excellent job!
Customer 452773, May 25th, 2023
History
Don't really see any of sources I provided, but elsewise its great, thank you!
Customer 452697, May 8th, 2021
Leadership Studies
excellent job as always
Customer 452773, September 2nd, 2023
Business and administrative studies
always perfect work and always completed early
Customer 452773, February 21st, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Close

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp