The controversy last week when Third Point Loeb (Yahoo investor) stated that Yahoo’s CEO Scott Thompson owes Accounting degree not the Computer Science degree. The Third Point Daniel Loeb demanded that the internet company will fire Scott Thompson by Monday. 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 is reporting 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.