he’ll show you…he’ll show all of you

The year 2012 has been an eventful and unpleasant one for Scott Thompson. In January he left his post as head of Ebay’s PayPal unit to become the new chief executive officer of Yahoo!. In May activist shareholders revealed that an entry on his résumé claiming that he had a bachelor’s degree in computer science was inaccurate. Less than two weeks later, Thompson was gone from Yahoo, undergoing treatments for thyroid cancer [he is cancer free now] and seemingly vanquished from the Silicon Valley scene. Now, the comeback: Thompson has signed on as CEO of ShopRunner, which is organizing a consortium of retailers to offer perks like free two-day shipping for online purchases. [Businessweek]

“The stock price in no way reflects how well the firm is doing,” Gorman said last night at a private party for current and former Morgan Stanley executives. “We have a strategy in place, the market isn’t appreciating that yet.” [FBN]

  • 26 May 2011 at 2:27 PM

Bill Gross Doesn’t Need Your Pity

“We’re not overweight Treasuries. We’re certainly underweight Treasuries, but that does not mean we don’t own lots of other bonds. German bunds and Canadian bonds are rallying. We simply think those are better alternatives. It does not mean as well that we’re not a little bit shy in terms of duration…Bloomberg’s numbers as of last night show us beating 2/3′s of managers. We’re having a good year…so don’t cry for Pimco.” Read more »