ADVFN - Advanced Financial Network.
HOME» NASDAQ » Y » YHOO Stock Price » YHOO Stock News

Yahoo! Inc. Share News

 Yahoo! Inc. (mm) Stock Price
YHOO Stock Price
 Yahoo! Inc. (mm) Stock Chart
YHOO Stock Chart
 Yahoo! Inc. (mm) Stock News
YHOO Stock News
 Yahoo! Inc. (mm) Company Information
YHOO Company Information
 Yahoo! Inc. (mm) Stock Trades
YHOO Stock Trades

Yahoo, After Challenge, Admits Error On CEO Resume

DOW JONES NEWSWIRES Yahoo Inc. (YHOO) admitted Chief Executive Scott Thompson doesn't have the academic credentials that the company said he did, a statement that came after the company's chief critic questioned his credibility and character. The accusation and response indicate the rising tension in the ongoing proxy fight between Yahoo and hedge fund Third Point LLC, run by activist investor Dan Loeb. Third Point, which owns about 5% of Yahoo, has been agitating for an overhaul of the company's board; Yahoo, meanwhile, is in the midst of a turnaround effort under Thompson, who was appointed in January. In a letter dated Thursday to Yahoo's board, Loeb said Thompson's degree from Stonehill College was just in accounting, and not in accounting and computer science as Yahoo has said in its filings with the Securities and Exchange Commission. Such embellishment "undermines his credibility as a technology expert and reflects poorly on the character of the CEO," Loeb wrote in the letter. Yahoo, in a subsequent statement, admitted the mistake and attributed it to an "inadvertent error." "This in no way alters that fact that Mr. Thompson is a highly qualified executive with a successful track record leading large consumer technology companies," the company said. Stonehill College also confirmed the mistake. In its letter, 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. Yahoo said Hart holds a business administration degree with specialities in marketing and economics. Yahoo shares fell 1.7% to $15.40 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 --Ben Rubin contributed to this report

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
07/29/201411:26:21TECH STOCKS: Tech Stocks Gain Ahead Of Twitter Earnings
07/24/201411:26:55TECH STOCKS: Facebook Shares Hit Record On Stellar Earnings
07/24/201411:22:22TECH STOCKS: Facebook Continues To Rise On Stellar Earnings
07/24/201410:01:54H-P, Hortonworks Extend Partnership on Big Data
07/22/201409:46:18U.S. Hot Stocks: Hot Stocks to Watch
07/21/201415:52:19Yahoo to Buy Analytics, Ad Platform Flurry -Re/code
07/17/201402:02:47MARKET SNAPSHOT: U.S. Stocks Gain; Dow Sets Its 15th Record Of...
07/17/201401:48:19MARKET SNAPSHOT: U.S. Stocks Trim Gains, But Dow Stays In Record...
07/17/201401:43:53TECH STOCKS: Intel Rises, Yahoo Falls After Earnings Results
07/17/201401:36:37MARKET SNAPSHOT: Dow Hits Intraday Record; Apple, IBM Drive Gains
07/17/201401:29:32MARKET SNAPSHOT: U.S. Stocks Open Higher; Yellen In Focus
07/16/201423:58:59MARKET SNAPSHOT: U.S. Stocks: Futures Rise; PPI Up In June
07/15/201419:55:06Yahoo Again Reports a Drop in Advertising--2nd Update
07/15/201417:09:10MARKET SNAPSHOT: U.S. Stocks Close Lower; Dow Ekes Out A Gain
07/15/201417:07:23MARKET SNAPSHOT: Momentum Plays Pull Down U.S. Stock Market
07/15/201416:56:59TECH STOCKS: Tech Stocks Waver Ahead Of Yahoo, Intel Reports
07/15/201416:52:24Yahoo Earnings: Alibaba, Ad Growth and Other Areas to Watch
07/15/201416:52:02MARKET SNAPSHOT: U.S. Stocks Swing As Yellen Speaks
07/15/201416:49:26MARKET SNAPSHOT: U.S. Stocks Open Higher; J.P. Morgan Rallies
07/14/201418:36:37TECH STOCKS: Techs Gain Broadly; Apple Rises On Analyst Upgrade

Yahoo! Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad