Tuesday, May 8, 2012

Yahoo Probes CEO's Hiring


Yahoo Inc.'s board is moving forward with an investigation into how its chief executive's academic credentials were misstated in company regulatory filings, according to a Wall St Journal report.

The board, which met on Sunday and Monday, has created a special three-person committee to investigate the matter and is hiring an outside law firm to help oversee it, said people familiar with the situation. The committee's trio are all newcomers to the board.

The board is struggling with the question of how CEO Scott Thompson didn't notice the mistaken information in his publicly-available biography for so long, said the people familiar with the matter….

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