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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
09/19/201416:27:36MARKET SNAPSHOT: Stocks End Week Higher; Dow At Record
09/19/201413:15:56MARKET SNAPSHOT: U.S. Stocks Retreat From Record Highs
09/19/201410:44:17MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500, Dow Hit Records
09/19/201409:24:13MARKET SNAPSHOT: U.S. Stocks: Futures Higher As Fed Rate View...
09/18/201418:13:15MARKET SNAPSHOT: U.S. Stocks: Futures Gain; Jobless Claims Drop
09/16/201400:23:51MARKET SNAPSHOT: U.S. Stocks Open Lower; Yahoo Rises
09/15/201419:54:26MARKET SNAPSHOT: U.S. Stocks: Futures Flat As Investors Wait...
09/15/201409:44:04MARKET SNAPSHOT: U.S. Stocks: Futures Nudge Lower As Investors...
09/12/201416:40:35TECH STOCKS: Apple, EBay Gains Can't Blunt Other Tech Losses
09/12/201415:17:53TECH STOCKS: Tech Stocks On A Mixed Trading Path
09/11/201416:57:39TECH STOCKS: JDSU, Pandora Lead Broad Tech Gains
09/10/201416:40:43TECH STOCKS: Apple, Twitter Gains Stand Out Among Tech Stocks
09/09/201402:13:03TECH STOCKS: GoPro, Yahoo Lead Tech's Broad Advance
09/09/201402:09:40MARKET SNAPSHOT: U.S. Stocks End Mostly Lower; Yahoo Rallies
09/09/201402:03:09MARKET SNAPSHOT: U.S. Stocks Fall; S&P 500 Dips Below 2,000
09/09/201401:53:44TECH STOCKS: GoPro, Yahoo Pace Early Tech Gains
09/09/201401:49:28MARKET SNAPSHOT: U.S. Stocks Open Lower; Deals In Focus
09/09/201400:48:43MARKET SNAPSHOT: U.S. Stocks: Futures Slip; Multimedia Games...
09/08/201420:48:47U.S. Stock Futures Lower
09/05/201417:39:13TECH STOCKS: Apple, GoPro Gains Help Boost Tech Stocks

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