Site last updated: Saturday, August 22, 2026

Log In

Reset Password
Butler County's great daily newspaper

Yahoo confirms misleading info

SAN FRANCISCO — A disgruntled Yahoo shareholder questioned the qualifications and integrity of recently hired CEO Scott Thompson after exposing a misrepresentation about the executive’s education.

The fabrication confirmed Thursday by Yahoo gives New York hedge fund manager Daniel Loeb more artillery as he tries to topple a board of directors favored by Thompson, who became CEO of the troubled Internet company four months ago.

Loeb, whose fund Third Point owns a 5.8 percent stake in Yahoo, gained more leverage when he discovered Thompson doesn’t have a bachelor’s degree in computer science from a small college in Easton, Mass., as Yahoo stated in a regulatory filing last week.

Thompson only has an accounting degree from Stonehill College, an accomplishment that Yahoo also listed in the filing. The accounting degree was the only one listed in Thompson’s resume last year by eBay when he was still running that company’s PayPal payment service.

Yahoo confirmed Thompson’s credentials had been exaggerated in the recent filing with the Securities and Exchange Commission.

By The Associated Press

More in Business

Subscribe to our Daily Newsletter

* indicates required
TODAY'S PHOTOS