investor demands records on yahoo ceo hiring
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Investor demands records on Yahoo CEO hiring

Arab Today, arab today

Arab Today, arab today Investor demands records on Yahoo CEO hiring

Washington - Arabstoday

The major Yahoo Inc. investor who exposed an incorrect degree in CEO Scott Thompson's background demanded on Monday the company release more information on the appointment of Thompson and some board members. Daniel Loeb, head of hedge fund Third Point, which holds 5.8 percent of Yahoo, said in an announcement Monday that his fund had demanded "to inspect books and records relating to the hiring of CEO Scott Thompson, the appointment of Patti Hart to the Yahoo board, and the selection" of a new contingent of board members. On Thursday, Loeb sent the board a letter revealing that official biographies of company's new CEO, Scott Thompson, incorrectly credited him with a college degree in computer science. Yahoo confirmed Thursday that Thompson does not have a degree in computer science, but called it "an inadvertent error." "If Mr. Thompson embellished his academic credentials, we think that it 1) undermines his credibility as a technology expert and 2) reflects poorly on the character of the CEO who has been tasked with leading Yahoo at this critical juncture," Loeb wrote in the original letter. Thompson's official bios with PayPal owner eBay and Yahoo claimed he has undergraduate degrees in accounting and computer science from Stonehill College near Boston, but Thompson has only an accounting degree. Yahoo responded last week with a statement that said Thompson's degree is in business administration, with a major in accounting. "There was an inadvertent error that stated Mr. Thompson also holds a degree in computer science. This in no way alters that fact that Mr. Thompson is a highly qualified executive with a successful track record leading large consumer technology companies," a Yahoo spokeswoman said in an emailed statement. Thompson took the reins at Yahoo in January, after a stint as president of eBay's PayPal unit. Loeb's letter also expressed doubt about the credentials of Yahoo board member Hart, who led the search committee that chose Thompson as Yahoo's new CEO, replacing Carol Bartz, who was fired in 2011. According to Loeb, Hart claims undergraduate degrees in marketing and economics from Illinois State University, but an investigation has shown that she received a single degree in business administration. Yahoo stated that Hart has "a bachelor of science degree in business administration with specialties in marketing and economics." Third Point has assembled a slate of directors that it will present as nominees for Yahoo's board at the annual shareholder meeting, which has not yet been scheduled. Yahoo has nominated new directors for spots vacated by co-founder Jerry Yang, Chairman Roy Bostock and others, a lineup that Loeb wants documentation to investigate. Loeb's letter to Yahoo on Monday cited news reports in which experts and analysts doubted Thompson's ability to manage the company with the bio gaffe hanging over his head. "Sadly for Yahoo and its investors, I think the board has no choice but to terminate the CEO unless it can clearly be shown that someone else made the error," Kirk Hanson, executive director of the Markkula Center for Applied Ethics at Santa Clara University, told the San Jose Mercury News last week, the first source cited in Loeb's Monday missive.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

investor demands records on yahoo ceo hiring investor demands records on yahoo ceo hiring

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

investor demands records on yahoo ceo hiring investor demands records on yahoo ceo hiring

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday