(Reuters) – 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.
Yahoo will also make an appropriate disclosure to shareholders when the review is complete, the spokesman said.
On Thursday, Third Point’s founder and chief executive, Dan Loeb, wrote in a letter to Yahoo’s board that Thompson claims to hold a bachelor’s degree in accounting and computer science from Stonehill College near Boston, but said Thompson “embellished his academic credentials” because the CEO’s degree is in accounting only.
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