CEO Scott Thompson earned a degree in accounting, not computer science, as his resume states. A key shareholder wants an investigation into the company's business ethics.
Yahoo's headaches don't seem to subside.
The troubled Web search and services company is on the defensive against one of its largest stockholders, hedge fund director Daniel Loeb, who did some research and found that the company's new CEO, Scott Thompson, didn't earn a degree in computer science as his resume states. Yahoo also used the misinformation in a regulatory filing with the SEC last week.Thompson (pictured), who replaced Carol Bartz four months ago as the company's chief executive officer, attended a small eastern school, Stonehill College in Easton, Mass., and attained an accounting degree there in 1979, according to the institution's Web site. Yahoo's board of directors now will review Thompson's background, a company spokesman told Reuters. Yahoo will also make an appropriate disclosure to shareholders when the review is complete, the spokesman said.
Yahoo's headaches don't seem to subside.
The troubled Web search and services company is on the defensive against one of its largest stockholders, hedge fund director Daniel Loeb, who did some research and found that the company's new CEO, Scott Thompson, didn't earn a degree in computer science as his resume states. Yahoo also used the misinformation in a regulatory filing with the SEC last week.Thompson (pictured), who replaced Carol Bartz four months ago as the company's chief executive officer, attended a small eastern school, Stonehill College in Easton, Mass., and attained an accounting degree there in 1979, according to the institution's Web site. Yahoo's board of directors now will review Thompson's background, a company spokesman told Reuters. Yahoo will also make an appropriate disclosure to shareholders when the review is complete, the spokesman said.
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