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Yahoo head faces growing pressure over CV discrepancy

By
Scott Thompson

© PA Images / Wong Maye-E/AP

Yahoo investor Third Point is demanding access to books and records documenting the appointment of CEO Scott Thompson to aid their bid to oust him.

The shareholder recently discovered discrepancies on the former PayPal head's CV, pointing out that Thompson does not hold a degree in computer science as claimed.

Third Point had set a Monday deadline for Yahoo to dismiss the executive, and is now demanding access to recruitment documents.

"Third Point believes that Yahoo shareholders and employees will be best served if the board accepts responsibility quickly for this latest debacle," it said in a statement.

Yahoo launched a probe into the issue and put the inconsistencies down to an "inadvertent error", claiming that a follow-up review will be conducted.

Third Point is investigating the possibility of "wrongdoing or possible mismanagement" by Thompson and the Yahoo board over the matter.

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