With the ongoing truffle between Yahoo and its investor Third Point Daniel Loeb, the company’s CEO Scott Thompson said Thursday that he had never given any wrong information over his educational qualifications as well as never provided a resume, Reuters reports.
Loeb as expected hit back on the company by wrote a letter to the board asking it to fire CEO Scott Thompson over errors related to the college education listed on his resume, and replace him with chief financial officer Tim Morse or Head of Global Media Ross Levinsohn as an interim chief executive.
The controversy started last week when Third Point Loeb (Yahoo investor) stated that Yahoo’s CEO Scott Thompson owes Accounting degree not the Computer Science degree. Loeb even quickly lobbed in another letter, making an explicit legal threat to get the resume information. Over which Thompson said sorry to his staff.
The Wall Street Journal reports that one of Yahoo’s directors in charge of hiring Thompson is stepping down from the company board after the huge blowup over the accuracy of the CEO’s academic record. Yahoo announced that Patti Hart has decided not to seek re-election to the Yahoo board at the upcoming 2012 annual meeting of Yahoo shareholders.