Yahoo CEO’s Company Bio Questioned

by Christopher Freeburn | May 3, 2012 4:21 pm

Yahoo CEO’s Company Bio Questioned

The battle for control of struggling Internet pioneer Yahoo (NASDAQ:YHOO[1]) has taken a turn toward the personal.

Dan Loeb, founder of hedge fund Third Point, has questioned Yahoo CEO Scott Thompson’s corporate biography in a letter to the company’s board[2], AllThingsD reports.

The letter claims that Thompson listed a computer science degree in his corporate bio that he never earned.

Early biographies of Thompson say that he graduated from Stone Hill College with B.S. in accounting; however, later corporate profiles, including Yahoo’s, note that he received a “bachelor’s in accounting and computer science” from the college.

In his letter to the board, Loeb says he contacted Stone Hill College, which confirmed that Thompson graduated with an accounting degree. The school told Loeb that Thompson took only one computer-related course at the college and graduated four years before the school offered a computer science degree.

Loeb also questioned the depth of the review conducted by the board during its search for a new CEO, and noted that the board member in charge of fact-checking had herself misstated the concentration of her undergraduate degree.

Late Thursday, Yahoo confirmed that the biography was erroneous[3], calling it an “inadvertent error.”

Yahoo shares fell more than 1% in Thursday trading.

Endnotes:
  1. YHOO: http://studio-5.financialcontent.com/investplace/quote?Symbol=YHOO
  2. in a letter to the company’s board: http://allthingsd.com/20120503/dan-loeb-alleges-discrepancies-on-yahoo-ceo-scott-thompsons-resume-related-to-computer-science-degree/
  3. biography was erroneous: http://allthingsd.com/20120503/yahoos-response-on-computer-science-resumegate-inadvertent-error/

Source URL: http://investorplace.com/2012/05/yahoo-ceos-company-bio-questioned/
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