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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
05/24/201317:40:38Yahoo Submits Bid for Hulu
05/24/201316:48:16TECH STOCKS: Salesforce, Google Losses Hit Tech Stocks
05/24/201315:41:08TECH STOCKS: Salesforce.com, Google Hit Tech Stocks
05/23/201310:55:02TECH STOCKS: H-P A Big Gainer As Other Techs Trim Losses
05/21/201316:39:38TECH STOCKS: Apple Shares Slip, But Yahoo Gains
05/21/201313:29:49TECH STOCKS: Apple Turns Positive; Yahoo Gains
05/21/201312:29:18TECH STOCKS: Apple Weighs Down Techs; Yahoo Gains
05/20/201316:54:08MARKET SNAPSHOT: U.S. Stocks Drop, Retreating From All-time Highs
05/20/201316:43:34TECH STOCKS: Yahoo's Deal For Tumblr Heads Tech's Day
05/20/201314:31:09MARKET SNAPSHOT: U.S. Stocks Slip After Hitting All-time Highs
05/20/201312:58:51MARKET SNAPSHOT: U.S. Stocks Grind Higher To All-time Highs
05/20/201311:07:38TECH STOCKS: Yahoo Shares Edge Up After Tumblr Deal
05/20/201310:30:04Yahoo to Buy Tumblr for $1.1 Billion in Cash -2-
05/20/201310:11:52MARKET SNAPSHOT: U.S. Stocks Waver; Deal News, Fed In Focus
05/20/201309:29:17U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/20/201308:50:10Yahoo to Buy Tumblr for $1.1 Billion in Cash
05/20/201308:40:05Yahoo to Acquire Tumblr for $1.1 Billlion in Cash
05/20/201306:28:41MARKET SNAPSHOT: Stock Futures Flat; No Data, Fed's Evans To...
05/17/201320:02:21Source Says Yahoo CEO Mayer to Announce Updates to Flickr Site...
05/16/201317:22:41TECH STOCKS: Cisco Surge Fails To Sustain Tech Rally

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