New York hedge fund manager Daniel Loeb and Yahoo shareholder had questioned Scott Thompson's qualifications after revealing a misrepresentation about the executive’s education.
Struggling Internet pioneer Yahoo! has admitted to making an “inadvertent error” after an activist shareholder pointed out that its CEO’s online bio wrongly said he had a degree in computer science.
The company’s website staed that Thompson had received a bachelor’s degree in accounting and computer science from Stonehill College until late Thursday, now the statement has changed to that he had received a bachelor of science degree in business administration with a major in accounting from Stonehill, a Catholic School near Boston.
By early Friday company had removed all the educational information about the CEO.
The Journal quoted Yahoo! as saying that the disclosure “in no way alters that fact that Mr. Thompson is a highly qualified executive with a successful track record leading large consumer technology companies.”