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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
01/18/201703:03:00More Women Are Winning CEO Job -- WSJ
01/17/201716:40:00Yahoo Announces Fourth Quarter and Full Year 2016 Earnings Release...
01/17/201710:29:00Women Make Gains Toward Winning CEO Job
01/17/201707:00:00Larry Fink CEO BlackRock, Jes Staley CEO Barclays, Tim Sloan...
01/12/201717:04:43Statement of Changes in Beneficial Ownership (4)
01/11/201717:15:00Correction to Globality Story
01/11/201712:47:00Tech Startup Globality Wants to Connect Marketers With Small...
01/10/201703:02:00Yahoo's Mayer to Exit Board After Sale Is Set -- WSJ
01/09/201720:10:00Marissa Mayer to Leave Yahoo Board; Yahoo to Change Name to Altaba...
01/09/201719:15:00Marissa Mayer to Leave Yahoo Board; Yahoo to Change Name to Altaba...
01/09/201718:29:00After Sale, Marissa Mayer to Leave Yahoo Board; Yahoo to Change...
01/09/201717:33:28Current Report Filing (8-k)
01/09/201717:31:55Additional Proxy Soliciting Materials (definitive) (defa14a)
01/06/201703:02:00Verizon Hangs Fire on Yahoo Deal -- WSJ
01/05/201717:37:00Telecoms Down as Verizon Skeptical on Yahoo Deal - Telecoms Roundup
01/05/201713:37:00Verizon Executive: Unsure About Yahoo Deal--2nd Update
01/05/201713:26:00Verizon Executive: Unsure About Yahoo Deal--Update
01/05/201712:45:00Verizon Executive Says Company Is Unsure About Yahoo Deal
01/04/201717:32:19Statement of Changes in Beneficial Ownership (4)
01/04/201717:15:49Statement of Changes in Beneficial Ownership (4)

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