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05-04-2012, 10:43 AM #1
Yahoo confirms misleading info on new CEO's resumeA disgruntled Yahoo shareholder questioned the qualifications and integrity of recently hired CEO Scott Thompson after exposing a misrepresentation about the executive’s education.
The fabrication confirmed on Thursday by Yahoo Inc. gives New York hedge fund manager Daniel Loeb more artillery as he tries to topple a board of directors favoured by Mr. Thompson, who became CEO of the troubled Internet company four months ago.
Mr. Loeb, whose fund Third Point owns a 5.8 percent stake in Yahoo, gained more leverage when he discovered Mr. Thompson doesn’t have a bachelor’s degree in computer science from a small college in Easton, Massachusetts, as Yahoo stated in a regulatory filing last week.
Mr. Thompson only has an accounting degree from Stonehill College, an accomplishment that Yahoo also listed in the filing. The accounting degree was the only listed in Mr. Thompson’s resume last year by eBay Inc. when he was still running that company’s PayPal payment service....being a human...
05-06-2012, 12:36 AM #2