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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; [email protected]

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
02/27/201717:08:48Statement of Changes in Beneficial Ownership (4)
02/22/201717:19:18Statement of Changes in Beneficial Ownership (4)
02/22/201703:02:00What's News: Business & Finance -- WSJ
02/22/201703:02:00Verizon CEO Wrangles Lower Price for Yahoo -- WSJ
02/21/201717:27:22Additional Proxy Soliciting Materials (definitive) (defa14a)
02/21/201709:25:28Current Report Filing (8-k)
02/21/201709:23:15Additional Proxy Soliciting Materials (definitive) (defa14a)
02/21/201708:48:00Why Verizon Decided to Still Buy Yahoo After Big Data Breaches...
02/21/201708:00:00Verizon and Yahoo amend terms of definitive agreement
02/21/201707:52:00Why Verizon Decided to Still Buy Yahoo After Big Data Breaches
02/16/201708:11:00CMO Today: 21st Century Fox Faces Federal Probe
02/16/201703:02:00Verizon Pares Price Of Yahoo Acquisition -- WSJ
02/15/201713:01:00Verizon, Yahoo Near Revised Deal That Cuts Price -- Update
02/15/201712:12:00Verizon, Yahoo Near Revised Deal That Cuts Price of Tech Firm...
02/14/201711:03:43Statement of Ownership (sc 13g)
02/13/201717:17:53Statement of Changes in Beneficial Ownership (4)
02/11/201700:24:00Senators Question Yahoo's Candor on Data Breach
02/10/201714:14:13Amended Statement of Ownership (sc 13g/a)
02/08/201717:20:14Statement of Changes in Beneficial Ownership (4)
02/08/201717:18:33Statement of Changes in Beneficial Ownership (4)

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