Update: yahoo committee to investigate ceo's academic credentials

UPDATE: Yahoo Committee To Investigate CEO's Academic Credentials You will be redirected back to your article in seconds Skip to main content May 8, 2012 12:03pm SERVICES TO SHARE THIS

PAGE. UPDATE, 12:40 PM: Yahoo‘s board has announced it has formed a special committee to review CEO Scott Thompson‘s academic credentials and how they were disclosed during the hiring

process. It has brought on an independent counsel to help with the review. “The special committee and the entire Board appreciate the urgency of the situation and the special committee will

therefore conduct the review in an independent, thorough and expeditious manner,” the company said. “The Board intends to make the appropriate disclosures to shareholders promptly upon

completion of the review.” PREVIOUS, 12:03 PM: It looks like dissident investor Daniel Loeb and his Third Point has struck a nerve at Yahoo. Bloomberg says Patti Hart was on the committee

charged with vetting CEO Scott Thompson for the company, which admitted it inaccurately described Thompson’s college credentials after he was hired away from eBay. Loeb wanted Thompson fired

Monday, and said yesterday he was entitled to inspect books and records tied to the board’s decision to hire Thompson, as well as other material that would shed light on the naming of

directors Hart, Peter Liguori, John Hayes, Thomas McInerney, Maynard Webb Jr, and Fred Amoroso. Loeb is lobbying to be named to the board along with restructuring expert Harry Wilson, media

consultant Michael Wolf, and former NBCUniversal CEO Jeff Zucker. Yahoo says it is reviewing the matter. 4 Comments JavaScript is required to load the comments. MARKETPLACE SITE ad