Reuters: Technology News: Yahoo board to review CEO's education records

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Yahoo board to review CEO's education records May 4th 2012, 07:14 Tweet Share this Email Print Related News Third Point: Yahoo CEO faked educational record Thu, May 3 2012 SEC starts probe of Chesapeake CEO's well stakes Thu, Apr 26 2012 Yahoo shows signs of life, Alibaba in the cards again Tue, Apr 17 2012 Tennessee teacher law could boost creationism, climate denial Fri, Apr 13 2012 Yahoo CEO sketches out new plan to jump-start growth Tue, Apr 10 2012 The Yahoo! offices are pictured in Santa Monica, California April 18, 2011. Credit: Reuters/Mario Anzuoni Fri May 4, 2012 3:14am EDT (Reuters) - Yahoo Inc's board of directors will review a discrepancy in the educational record of its chief executive, Scott Thompson, a spokesman told Reuters, after activist hedge fund Third Point accused Thompson of padding his academic credentials. Yahoo will also make an appropriate disclosure to shareholders when the review is complete, the spokesman said. On Thursday, Third Point's founder and chief executive, Dan Loeb, wrote in a letter to Yahoo's board that Thompson claims to hold a bachelor's degree in accounting and computer science from Stonehill College near Boston, but said Thompson "embellished his academic credentials" because the CEO's degree is in accounting only. Third Point owns 5.81 percent of Yahoo's shares and has been fighting to gain seats on the company's board. Early on Thursday, a Yahoo spokesman called the discrepancy an "inadvertent error." "Scott Thompson received a bachelor of science degree in business administration with a major in accounting from Stonehill college," the spokesman said in an emailed statement. "There was an inadvertent error that stated Mr. Thompson also holds a degree in computer science," he added. (Reporting by Sakthi Prasad; Editing by Matt Driskill) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) The alleged "inadvertent error" in CEO Scott Thompson's resumé at Yahoo! was repeated in Thompson's bios with his previous employers (PayPal/EBay, Barclays) it turns out, therefore serial deception. It appears that seasoned "BSing" trumps due diligence at a number of high-profile companies, and that is scary and dangerous . Kudos to investor Dan Loeb for calling this chicanery out. Scott Thompson has to go â€" Yahoo! has plenty enough trouble without this taint. May 04, 2012 2:49am EDT  --  Report as abuse See All Comments » Add Your Comment

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