Liar! Liar! pants on fire!
Hedge fund Third Point LLC continued its attack against Yahoo Inc.'s management, calling for the immediate termination of Chief Executive
Scott Thompson amid admitted inaccuracies in his academic credentials.
Third Point, which owns about 5% of Yahoo, on Thursday
questioned the accuracy of filings with the U.S. Securities and Exchange
Commission that said Thompson holds a bachelor's degree in accounting and
computer science from Stonehill College. The fund, run by activist investor Dan
Loeb, also questioned filings describing Yahoo director Patti Hart as holding a
degree in marketing and economics from Illinois State University.
Yahoo subsequently said Thompson's degree from Stonehill
College was just in accounting, and not in accounting and computer science,
while Hart holds a business administration degree with specialities in
marketing and economics.
Third Point on Friday said Yahoo's board should also accept
the resignation of Hart for similar reasons...
Read all about it at http://online.wsj.com/article/BT-CO-20120504-711718.html
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