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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
05/24/201617:21:27Statement of Changes in Beneficial Ownership (4)
05/23/201616:18:27Current Report Filing (8-k)
05/23/201616:08:18Proxy Statement (definitive) (def 14a)
05/20/201616:46:57Statement of Changes in Beneficial Ownership (4)
05/20/201607:46:00CMO Today: The Best Moments from the 2016 Upfronts
05/20/201603:03:00Yahoo Bids Look at Low End -- WSJ
05/19/201623:47:00Yahoo Suitors Expected to Bid Below Past Indications -- 2nd Update
05/19/201623:40:00Yahoo Suitors Expected to Bid Below Past Indications
05/19/201623:32:00Yahoo Suitors Expected to Bid Below Past Indications -- Update
05/19/201616:35:00Yahoo to Participate at the J.P. Morgan Global Technology, Media...
05/16/201619:04:47Statement of Changes in Beneficial Ownership (4)
05/13/201620:05:00Warren Buffett is Backing a Dan Gilbert Bid for Yahoo Web Assets...
05/12/201608:11:00Correction to Daily Mail CEO Appointment Story
05/12/201606:22:00Daily Mail Picks Digital Consultant as New Boss
05/11/201616:46:10Statement of Changes in Beneficial Ownership (4)
05/10/201618:29:19Statement of Changes in Beneficial Ownership (4)
05/10/201618:28:26Statement of Changes in Beneficial Ownership (4)
05/10/201618:28:26Statement of Changes in Beneficial Ownership (4)
05/10/201618:28:26Statement of Changes in Beneficial Ownership (4)
05/10/201606:19:57Quarterly Report (10-q)

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