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Third Point Questions Yahoo Chief's Education Record

DOW JONES NEWSWIRES Hedge fund Third Point LLC unveiled a new line of attack against Yahoo Inc.'s (YHOO) management, calling into question Chief Executive Scott Thompson's credentials as it pushes for a change in the Internet giant's leadership. The fund, run by activist investor Dan Loeb, 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. Third Point said Thompson only holds a degree in accounting, not computer science. The hedge fund added Stonehill did not begin awarding computer science degrees until 1983, four years after Thompson graduated. A representative at Stonehill's registrar's office said the college couldn't comment on alumni records without receiving a form requesting the release of records. Calls made to Yahoo for comment were not immediately returned. The hedge fund said the embellishment, if true, undermines Thompson's credibility as a technology expert and reflects poorly on his character. Third Point also cited filings describing Yahoo director Patti Hart as holding a degree in marketing and economics from Illinois State University. The fund said Hart's degree is only in business administration. Third Point has mostly criticized Yahoo's board, saying it believes the board has made a series of decisions that have harmed the company. Yahoo shares were recently off 2% at $15.35 amid a broad market downturn Thursday. The stock is off 14% over the past year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
02/11/201610:42:10Statement of Ownership (sc 13g)
02/11/201609:18:00Yahoo Sports Collaborates With PGA TOUR to Deliver Free Live...
02/09/201617:34:48Statement of Changes in Beneficial Ownership (4)
02/09/201617:29:20Statement of Changes in Beneficial Ownership (4)
02/09/201617:05:28Statement of Changes in Beneficial Ownership (4)
02/08/201609:00:00Yahoo Announces Agenda for February 18th Mobile Developer Conference
02/05/201608:02:00CMO Today: Viacom's Dauman Replaces Redstone as Chairman
02/03/201608:21:00CMO Today: Yahoo Signals It's Open to a Sale
02/03/201603:03:00Yahoo Mulls Breakup As Losses Grow
02/02/201623:01:00Yahoo to Cut 15% of Workforce -- 4th Update
02/02/201620:26:00Yahoo to Cut 15% of Workforce -- 4th Update
02/02/201618:40:00IAC/InterActive Swings to Loss on Charges
02/02/201618:12:00Yahoo to Cut 15% of Workforce -- 4th Update
02/02/201617:43:00Yahoo to Cut 15% of Workforce -- 3rd Update
02/02/201617:33:00Stocks Fall as Sliding Oil Prices Hit Energy Shares
02/02/201617:27:00Yahoo to Cut 15% of Workforce -- 2nd Update
02/02/201617:16:00Yahoo to Cut 15% of Workforce -- Update
02/02/201616:50:22Current Report Filing (8-k)
02/02/201616:44:21Current Report Filing (8-k)
02/02/201616:37:01Current Report Filing (8-k)

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