Saturday, May 19, 2012

Third Point Demands Records From Yahoo’s C.E.O. Search; New York Times, 5/7/12

Michael J. De La Merced, New York Times; Third Point Demands Records From Yahoo’s C.E.O. Search:

"Third Point sent Yahoo a request for records relating to its selection of Scott Thompson, a former eBay executive, as its chief executive, after the besieged technology company admitted that it had misstated its leader’s academic credentials.

The request follows Yahoo’s admission, after prodding by the activist hedge fund, that while Mr. Thompson’s official biography said that he had earned degrees in accounting and computer science from Stonehill College, in reality he held only the former.

Yahoo also conceded that the director in charge of finding and hiring Mr. Thompson, Patti Hart, also had factual errors in the description of her academic record."

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