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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
03/27/201519:09:13Morgan Stanley: Buy Yahoo to get Alibaba at a 20% discount
03/27/201517:10:53Current Report Filing (8-k)
03/27/201517:03:06Statement of Changes in Beneficial Ownership (4)
03/27/201510:31:09Today's Market: Mergers, Buybacks And Breakups Moving Stocks...
03/27/201507:41:39Market Is Not Out Of The Woods Yet - Cramer's Mad Money (3/26/15)
03/27/201506:31:30Wall Street Breakfast: Markets Prepare For Yellen Speech
03/26/201520:47:07Correction to Yahoo stock buyback story
03/26/201520:28:35Yahoo Boosts Share Buyback by $2 Billion -- Update
03/26/201518:47:10Yahoo Boosts Buyback Authorization by $2 Billion
03/26/201517:15:19Current Report Filing (8-k)
03/26/201513:48:00Yahoo Updates Transparency Report
03/25/201507:58:39Travelzoo: A Dog Worth Betting On?
03/25/201507:41:293 Companies Fighting Conventional Wisdom - Cramer's Mad Money...
03/24/201508:00:00Yahooâs 12th Digital Magazine Enters The Race - Introducing Y...
03/23/201506:05:09MARKET SNAPSHOT: U.S. Stocks: Futures Pull Back With Fed Speakers...
03/20/201509:00:00Yahoo Kicks-off Monthly Mobile Developer Meetups in San Francisco
03/20/201505:02:03Yahoo's China Exit Fits Company Strategy
03/19/201506:30:42Wall Street Breakfast: Investors Digest Fed's 'Patient-less...
03/18/201518:18:54WSJ: Yahoo exiting China, cutting 200-300 jobs
03/17/201520:06:24Early Alibaba Holders Get Chance to Sell--Update

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