WSJ: Thompson told Yahoo board he has cancer

Thompson revealed the illness as evidence arose that seemed to contradict his story about his padded resume, the newspaper reports

By , IDG News Service |  Business, Yahoo, Scott Thompson

"Of course, these changes will also raise new questions along with those it answers. I invite you to bring those questions to me, or any member of the executive leadership team, and we will answer them as forthrightly and promptly as we can. Please also look for an invite and plan to attend an all-hands meeting we are organizing for Monday afternoon -- we look forward to speaking with you further at that time," it went on to say before encouraging employees to focus on the momentum that the company has created in the last few months.

That seems to be a reference to Thompson's brief tenure as CEO. He was appointed to the post in early January and quickly made management changes and announced layoffs. About 2,000 positions were cut at Yahoo. Those layoffs were a catalyst in triggering Loeb to take action, with the investor arguing that Thompson should not have begun that level of job cuts without having first laid out a more detailed strategy.

Yahoo, once a leading Internet company, has stumbled in recent years as fierce competition from Google and later Facebook, among others, dented the company both in terms of users and finances. Thompson's hiring was widely seen as the balm that would soothe the company's wounds, brought in to replace Carol Bartz, whose no-nonsense, blunt style soon became more of a focus than the effort she put in to trying to turn the company around. Bartz was fired last September.

Yahoo also had rejected an acquisition offer from Microsoft, which remained a sticking point, including with Loeb, who cited that decision as one in a string of management errors.

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