10 Tech CEOs Who Could Be Fired Now
#3 Tim Armstrong
Timothy M. Armstrong is CEO and Chairman of AOL Inc. He promised investors that AOL will see a big turnaround. It hasn't and now AOL shareholder Starboard Value LP wants to replace a bunch of AOL's board members. He invested $140 million last year into the company but without fruits. It’s only a matter of time before he actually gets axe.
#2 Joe Kennedy's
Joe Kennedy is CEO Pandora; the site offers free, personalized radio. The statement from Digital Music News says it all, "It's getting harder not to ask that question: Pandora is one of the biggest streaming radio services on the planet, yet it's struggling to pay its royalty bills, it can't even enter the UK, and it can't convince Wall Street to take it seriously. And now, the company is telling Wall Street that it's unlikely to be profitable until at least early 2013 - that is, best case scenario." Joe is in serious fix over continuing as CEO of Pandora.
Bonus: Scott Thompson (The one who got fired)
Scott Thompson was CEO Yahoo before he was replaced with Marissa Mayer, and he is currently CEO of ShopRunner, online-shopping service.
His saga of removal from Yahoo is sad and interesting at same time. Even before completing half a year at Yahoo he was mired into controversies, questionable credibility and about Yahoo’s lame decision in his appointing.
Thompson announced and executed a plan to reduce Yahoo!'s 14,000 employees by 2,000, or 14% of the workforce. Several executives left Yahoo! just before the layoffs started.
On March 14, 2012 Yahoo! filed a patent lawsuit against Facebook over 10 patents. Facebook responded by counter suing Yahoo!
And if it was not enough, he was also run into the controversies of fake degree certificates.
So it was inevitable, given his credibility, that he would have made it to another one month at Yahoo.
Read also: 8 Worst Tech CEOs Ever
