/// Yahoo’s Board Will "Review" Resume Discrepancy of CEO

May 4, 2012  |  All Things Digital


Yahoo just released a statement that its board will “review” today’s disclosure that the bio of its CEO Scott Thompson contained an error related to his educational achievements and make “appropriate disclosure” about what happened. On both the Web site and in the regulatory filings of the Silicon Valley Internet giant, Thompson is described as having a degree in both computer science and accounting from Stone Hill College. He does not have a degree in computer science from the Boston-based school, but does have a Bachelor’s of Science in Business Administration (Accounting). Yahoo said in full in its statement: “In connection with the statement the company made earlier today about Scott Thompson, the Yahoo! board will be reviewing this matter, and upon completion of its review, will make an appropriate disclosure to shareholders.” Earlier today, Yahoo first blamed the issue on and “inadvertent error” — but provided no further details — which sources said did not sit well with the board . “Many members of the board are deeply concerned,” said one person with knowledge of its thinking. “This is a problem on a lot of levels, especially related to the trust of shareholders.” Indeed, especially since the news came to light via activist shareholder Dan Loeb of Third Point, who is agitating for board seats via a proxy fight. Loeb’s efforts to impugn Thompson appear to have caused some level of damage, at least in terms of perception about the level of vetting that was done when he was hired earlier this year

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Yahoo’s Board Will "Review" Resume Discrepancy of CEO


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