Now you don't see that everyday.  An admittedly important shareholder has demanded blood after he discovered that Yahoo! CEO does not posess a computer science degree.  And it turns out that he's not the only who has less than warm feelings about it.

"Activist shareholder Dan Loeb turned up the pressure on Yahoo today, when his shareholder firm Third Point demanded that Yahoo fire CEO Scott Thompson by Monday.

The revelation yesterday that Thompson does not have a computer science degree -- as claimed on his resume -- served as the latest jumping off point for ThirdPoint, which owns 5.8 percent of Yahoo shares, to demand change. ThirdPoint was the first to disclose the discrepancy. Thompson's degree was in accounting only. When he was hired as its CEO in January, Yahoo played up his technical chops at PayPal, where he had been chief technology officer.

'Mr. Thompson and the Board should make no mistake: this is a big deal,' ThirdPoint said in its letter to the board at Yahoo. 'CEO's have been terminated for less at other companies.'"

Source: CNN

Newer

Older