Yahoo shareholder wants company CEO fired by Monday

Yahoo has had a ton of issues to deal with in the past few years and now a new one has come up that could lead the company to fire its recently appointed CEO Scott Thompson. Earlier this week, Dan Loeb of Third Point, Yahoo’s largest outside stock holder, revealed that Thompson does not in fact have a computer science degree from Stonehill College.

Thompson does have an accounting degree from the school but both his official Yahoo bio (as well as the company's regulatory filings) mention the incorrect computer science degree. Thompson also had a computer science degree listed when he was president of eBay. AllThingsD.com reports that Yahoo did admit that Thompson's bio had an "inadvertent error" and later added that the company's board " ... will be reviewing this matter, and upon completion of its review, will make an appropriate disclosure to shareholders."

That apparently isn't good enough for Loeb, who has been trying to gain more influence at Yahoo. Today, he and Third Point issued a statement that demanded Yahoo's board of directors reveal how Thompson was vetted before he was named CEO and if any of the board members knew that Thompson didn't have a computer science degree. Finally, Third Point is demanding that Yahoo's board " ... terminate Mr. Thompson for cause immediately given his demonstrable unsuitability to remain Chief Executive Officer and a director of Yahoo."

Third Point threatens that it will "consider it grounds for further action" if Yahoo's board doesn't comply with Third Point's request by noon ET on Monday.

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I had to submit proof of education, criminal background check, and have blood tests done... and that's for ill never go anywhere in life job.

jnelsoninjax said,
Fire the CEO because of a typo? Hell if that were the case most of us would've been fired at one time or another!

Wasn't just a typo though, he's been passing off his education history as having studied for a Computer Science degree. The fact that his last job also states this makes it highly unlikely to be a typo.

testman said,

Wasn't just a typo though, he's been passing off his education history as having studied for a Computer Science degree. The fact that his last job also states this makes it highly unlikely to be a typo.

I gathered that from the article, I was simply joking about the typo. It is interesting though how the CEO would pass himself off as having a CS degree, seems likes if you are going to be a CEO of a company such as Yahoo, then maybe, just maybe the company should be validating the education. Every job that I ever held always verified previous employment and education...

JAB Creations said,
Agreed. I also did some research and according to this...

http://www.buzzfeed.com/zekejm...y-going-to-run-out-of-money

Dan Loeb used to support Barry Obama (who has been preparing American concentration camps) and now supports Mit Romney. Any one with half a brain supports Ron Paul.

How about writing articles about when smart people say intelligent things, the world would be a better place.


Thank you for entertaining us.
Oh, it wasn't meant to be funny? It still is...

JAB Creations said,
Any one with half a brain supports Ron Paul.

Quite honestly, it's people like you that shouldn't be allowed to vote.

n_K said,

Quite honestly, it's people like you that shouldn't be allowed to vote.
so, because you don't agree with his views, he shouldn't have a say?

n_K said,

Quite honestly, it's people like you that shouldn't be allowed to vote.

Damn wishy-washy independents. They need to pick a damn side, stick with it, and quit gumming up the system.