(Reuters) - Activist hedge fund investor Third Point, which has called for Yahoo Inc Chief Executive Scott Thompson's ouster over resume padding, sent a legal letter to the internet company demanding it provide access to all documents relating to the hiring of the CEO.
Yahoo has confirmed that Thompson's resume contains misleading information about his education.An activist investor is demanding thatYahoo Inc.fire its new chief executive, Scott Thompson, after the Internet company confirmed that his resume contained misleading information about his education.
(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. ...
Faltering Internet giant Yahoo! Inc. (NASDAQ:YHOO) faces the wrath of agitated investors these days, as investor dissent gained momentum since last week, when the company announced to scrap its plans to spin off Alibaba stock from its portfolio. In order to push the company to improve its declining financials, investors urge it to sell its core Internet business, find a substitute for CEO Marissa Mayer as she fails to make progress on the turnaround plan, and cut workforce.
Yahoo Inc's board of directors will review a discrepancy in the educational record of its chief executive, Scott Thompson, a spokesman told Reuters, after activist hedge fund Third Point accused Thompson of padding his academic credentials.
SAN FRANCISCO (Reuters) - Yahoo Inc's board convened on Monday afternoon to discuss the mounting upset surrounding Chief Executive Scott Thompson, who has apologized to employees after being accused last week by activist investor Daniel Loeb of padding his resume, a source with knowledge of the matter said.
Some have called activist hedge fund investor 's targeting of Yahoo CEO Scott Thompson "resumegate," and suggested Loeb might not be acting in the company's best interest. But criticism of Thompson has been growing on the web, and , a Forbes contributor who is a Yahoo investor, believes that Thompson will be ousted from the ...