Yahoo CEO Thompson to step down: AllthingsD

(Reuters) - Yahoo Inc Chief Executive Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, according to the blog AllthingsD.

by Dan Loeb:Third Point LLC, owners of 5.8% of Yahoo! (YHOO) shares, sent the following letter today to the Yahoo! Board of Directors:May 3, 2012Board of Directors Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089Dear Board of Directors:

SAN FRANCISCO (Reuters) - Activist hedge fund Third Point on Thursday accused Yahoo Inc's new chief executive,

Chief Executive Scott Thompson apparently misrepresented his college credentials, falsely saying he had a computer science degree, an error flagged by an activist shareholder.Yahoo Chief Executive Scott Thompson is expected to step down Sunday after dissident shareholders called attention to his apparent misrepresentation of his college credentials.

Struggling Internet pioneer Yahoo! has admitted to making an "inadvertent error" after an activist shareholder pointed out that its CEO's online bio wrongly said he had a degree in computer science.Until late Thursday, the company's website had said Chief Executive Officer Scott Thompson had received a bachelor's degree in accounting and computer science from Stonehill College, the Wall Street Journal reported.

(Reuters) - Data analytics software maker Splunk Inc said former Yahoo Inc CEO Scott Thompson has resigned from its board of directors, effective May 18. "In regard to recent health issues, we wish Scott all the best for a fast and full recovery," Splunk Chief Executive Godfrey Sullivan said in a statement. Thompson, who had joined Splunk's board in October, was reported to have been diagnosed with thyroid cancer. Thompson stepped down as Yahoo chief last week, 10 days after activist investor Daniel Loeb accused him of padding his biography by faking a computer science degree. ...