This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Yahoo to Probe CEO's Education Claims

NEW YORK ( TheStreet) -- Life is getting a whole lot more interesting for Yahoo! (YHOO - Get Report) CEO Scott Thompson, but not in a good way.

Yahoo! said its board of directors is forming a committee to look into Thompson's academic background amid claims he did not obtain a computer science degree from Stonehill College as he had stated.

The committee will be chaired by Alfred Amoroso, who joined Yahoo!'s board in February. John Hayes and Thomas McInerney are the other members of the committee. They joined the board last month. The committee retained Terry Bird of the law firm Bird, Marella, Boxer, Wolpert, Nessim, Drooks and Licenberg in Los Angeles in relation to the matter.

In addition to the committee, earlier reports said Yahoo! director Patti Hart, who led the search committee to find Thompson, would not stand for reelection to the board.

The situation regarding Thompson's education first came to light last week when activist investor Dan Loeb and his hedge fund firm, Third Point, said Thompson received an accounting degree, not computer science, from Massachusetts' Stonehill. Yahoo! subsequently said it was an inadvertent error, then said it would be looking into the matter.

Shares of Yahoo! are off 0.42% to $15.28 in mid-Tuesday trading.

Third Point and Yahoo! were not immediately available for comment for this story.

Interested in more on Yahoo!? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
YHOO $44.53 0.02%
AAPL $132.65 1.80%
FB $82.19 0.81%
GOOG $555.09 -1.80%
TSLA $233.87 7.10%

Markets

DOW 18,073.60 -6.54 -0.04%
S&P 500 2,118.33 +0.64 0.03%
NASDAQ 5,084.9490 -7.1360 -0.14%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs