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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
09/29/201617:10:42Statement of Changes in Beneficial Ownership (4)
09/29/201617:07:09Statement of Changes in Beneficial Ownership (4)
09/29/201617:04:35Statement of Changes in Beneficial Ownership (4)
09/29/201616:59:48Statement of Changes in Beneficial Ownership (4)
09/29/201603:03:00Yahoo Claim That Hack Was State Sponsored Is Disputed -- WSJ
09/28/201613:20:00Yahoo Hackers Were Criminals Rather Than State-Sponsored, Security...
09/28/201613:14:00Yahoo Hackers Were Criminals Rather Than State-Sponsored, Security...
09/28/201603:03:00Some CEOs Retain Jobs After Mergers -- WSJ
09/27/201622:00:00Yahoo Breach: Senators Demand Answers
09/27/201618:15:00Yahoo Breach: Senators Demand Answers
09/27/201617:01:04Statement of Changes in Beneficial Ownership (4)
09/27/201613:30:00Some CEOs Survive Mergers as Acquirers Look to Retain Top Talent
09/26/201619:11:12Statement of Changes in Beneficial Ownership (4)
09/26/201608:00:00Yahoo Finance to Host Exclusive Live Stream of Berkshire Hathaway...
09/23/201618:20:00Yahoo Executives Detected a Hack Tied to Russia in 2014
09/23/201617:33:21First Class Action Against Yahoo! for Largest Data Breach in...
09/23/201617:02:00Will Yahoo's Data Breach Derail Verizon Deal? -- Update
09/23/201616:49:00It's Time to Cancel Your Forgotten Internet Accounts
09/23/201603:02:00Yahoo Data Breach Hits Millions -- WSJ
09/22/201620:41:00State-Sponsored Cyberattacks Prompt Debate

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