Ex-Yahoo CEO Scott Thompson finds new job# WaterWorld - 未名水世界
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SAN FRANCISCO — Recently ousted Yahoo CEO Scott Thompson has landed a new
job leading ShopRunner, an online service that provides two-day shipping
from a variety of Internet retailers.
Monday’s announcement of Thompson’s appointment as ShopRunner’s new CEO
comes two months after his short-lived tenure at Yahoo Inc. came to a
mortifying end.
Yahoo shoved aside Thompson, 54, after a dissident shareholder uncovered
misinformation in his official biography filed with the Securities and
Exchange Commission. The bio listed a bachelor’s degree in computer science
that he never received, raising doubts about Thompson’s integrity that led
to his departure after just four months on the job.
Yahoo last week replaced Thompson, hiring longtime Google Inc. executive
Marissa Mayer as its fifth CEO in the past five years. Another Yahoo
executive, Ross Levinsohn, had been filling in as interim CEO.
ShopRunner evidently had no qualms about Thompson’s troubles at Yahoo.
Michael Golden, who had been ShopRunner’s CEO and is staying on as the
service’s president, hailed Thompson as “the perfect long-term CEO.”
In his new job, Thompson will be running a privately held company with
connections to one of his former employers, eBay Inc. Thompson led eBay’s
online payment service, PayPal, before defecting to Yahoo at the beginning
of the year.
ShopRunner began as part of GSI Commerce, which eBay bought for $2.4 billion
last year. After that deal closed, eBay spun off ShopRunner into another
company but still retains a 30 percent stake in the service.
The new job appears to be major step down for Thompson. As CEO of Yahoo, he
was being paid a $1 million salary with an annual bonus of up to $2 million
while overseeing a famous Internet company with $5 billion in annual revenue.
ShopRunner, in contrast, is a 2-year-old service still trying to establish
itself as part of a small, privately held company called Kynetic that’s
owned by GSI founder Michael Rubin. Kynetic also controls two other e-
commerce services, Fanatics and Rue La La, that were spun out of GSI after
last year’s eBay acquisition.
“Joining ShopRunner is a tremendous opportunity to build on the strong
foundation that the company has already established,” Thompson said in a
statement.
A ShopRunner spokesperson said Thompson was unavailable to be interviewed
Monday.
ShopRunner offers two-day shipping for online purchases made by its
subscribers, who pay a $79 annual fee. The service is similar to online
retailer Amazon.com Prime option, which also provides two-day shipping and
access to a library of Internet videos for the same $79 annual price.
The retailers offering two-day shipping through ShopRunner include Toys R Us
, GNC, Petsmart, Sports Authority, Lord & Taylor and AutoZone.
ShopRunner is based in Conshohocken, Pa., but also has a Silicon Valley
office in Menlo Park, Calif. That’s not far from where Thompson used to
work at Yahoo’s Sunnyvale, Calif. headquarters.
Copyright 2012 The Associated Press. All rights reserved. This material may
not be published, broadcast, rewritten or redistributed.
job leading ShopRunner, an online service that provides two-day shipping
from a variety of Internet retailers.
Monday’s announcement of Thompson’s appointment as ShopRunner’s new CEO
comes two months after his short-lived tenure at Yahoo Inc. came to a
mortifying end.
Yahoo shoved aside Thompson, 54, after a dissident shareholder uncovered
misinformation in his official biography filed with the Securities and
Exchange Commission. The bio listed a bachelor’s degree in computer science
that he never received, raising doubts about Thompson’s integrity that led
to his departure after just four months on the job.
Yahoo last week replaced Thompson, hiring longtime Google Inc. executive
Marissa Mayer as its fifth CEO in the past five years. Another Yahoo
executive, Ross Levinsohn, had been filling in as interim CEO.
ShopRunner evidently had no qualms about Thompson’s troubles at Yahoo.
Michael Golden, who had been ShopRunner’s CEO and is staying on as the
service’s president, hailed Thompson as “the perfect long-term CEO.”
In his new job, Thompson will be running a privately held company with
connections to one of his former employers, eBay Inc. Thompson led eBay’s
online payment service, PayPal, before defecting to Yahoo at the beginning
of the year.
ShopRunner began as part of GSI Commerce, which eBay bought for $2.4 billion
last year. After that deal closed, eBay spun off ShopRunner into another
company but still retains a 30 percent stake in the service.
The new job appears to be major step down for Thompson. As CEO of Yahoo, he
was being paid a $1 million salary with an annual bonus of up to $2 million
while overseeing a famous Internet company with $5 billion in annual revenue.
ShopRunner, in contrast, is a 2-year-old service still trying to establish
itself as part of a small, privately held company called Kynetic that’s
owned by GSI founder Michael Rubin. Kynetic also controls two other e-
commerce services, Fanatics and Rue La La, that were spun out of GSI after
last year’s eBay acquisition.
“Joining ShopRunner is a tremendous opportunity to build on the strong
foundation that the company has already established,” Thompson said in a
statement.
A ShopRunner spokesperson said Thompson was unavailable to be interviewed
Monday.
ShopRunner offers two-day shipping for online purchases made by its
subscribers, who pay a $79 annual fee. The service is similar to online
retailer Amazon.com Prime option, which also provides two-day shipping and
access to a library of Internet videos for the same $79 annual price.
The retailers offering two-day shipping through ShopRunner include Toys R Us
, GNC, Petsmart, Sports Authority, Lord & Taylor and AutoZone.
ShopRunner is based in Conshohocken, Pa., but also has a Silicon Valley
office in Menlo Park, Calif. That’s not far from where Thompson used to
work at Yahoo’s Sunnyvale, Calif. headquarters.
Copyright 2012 The Associated Press. All rights reserved. This material may
not be published, broadcast, rewritten or redistributed.