Yahoo CEO

Daniel Loeb, a New York hedge fund manager and who owns a 5. Per cent sake In rube, came out In open to pct his view against the fraternity and Scott Thompson. However, Dan Lyons at The Dally Beast supported Thompson. Yahoo was quick to weep the mistake an inadvertent err&1042 but after increasing imperativeness the board hired an outside counsel for the investigation (Epitome J, 2012). Thompson, later on send a memo to the employees apologizing for the scandal (Goldman D, &038 Epitome J, 2012) Was it appropriate for a giant like Yahoo to call the mistake an inadvertent erroneous belief?I believe No. If you produce a zero misplay on your balance sheets, and In the internet services you provide o your customers therefore this reasoning would simply be a blunder. COOS procedureions were ethically devil-may-care because he was breaching the swear of board of directors who had hired him, in this case, without verifying his credentials on resume. Also, socially irresponsible be cause there are investors, people who trust chief executive onwardicer and any such incident on his part does disperse a bad signal to them.There are both matters to debate upon Should Yahoo bring fired Scott Thompson the moment they found out that he be on his resume? &038 Was It ethical on the part of Scott Thompson, considering the session he was In, to falsely claim the horizontal surface 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 partnership would have set good example of holding good morals.The CEO is the top most level in any corporate the employees construction up to, in terms of role mannequin and as a leader. Any allegations on him could set a bad tone downhearted the ladder In the company. Falling to fire him could have sent a bad signal at the lower order of getting authority with the things and w ho 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 Coos actions. The outburst of his lie appeal him his Job and also put the reputation of Yahoo at stake, withal on some level It could be argued that he was trying to alter the existing condition of Yahoo, but not for too long. Also, that did not leaven positive to any of the person in the company considering his short promote. 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 ascertain his resume and removed the Computer Science degree from It, exactly the like way have been much different n ow 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 elevated the companys 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 high-priced for him and in turn for Yahoo. Communitarians 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 idea right below the line that says This report does not contain NY sour statement of a material fact. (Epitome J, 2012, Pl 73) This is complete contradiction to the theory of Communitarians.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, &038 Epitome J, 2012). Who knows, Yahoo might have not even accepted his resignation, owing to his future productive plans, connatural to the case of Bausch &038 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.