No fudging way!
Yahoo! CEO Scott Thompson is telling staff he couldn’t have fudged his resume because he never provided one when he interviewed for the top spot at the embattled Internet company, a post he assumed in January.
Dan Loeb, the chief of hedge fund Third Point, is challenging Thompson’s fitness for his job after discovering a fabrication in his official bio.
Thompson’s credentials, listed in public filings and official corporate literature, reference a computer science and an accounting degree from Stonehill College in Massachusetts. He only has a degree in accounting.
Loeb has used the resume ruckus to argue that the Yahoo! board should support a slate of nominees he wants appointed at the next shareholder meeting.
That meeting is on target to be held within 60 days from next Thursday — the date Yahoo! set yesterday as the last day for shareholders to buy stock and still be eligible to vote.
Thompson spent yesterday in a meeting with staff explaining how the incorrect information sneaked onto his resume, according to reports.
Thompson reportedly blamed executive search firm Heidrick & Struggles for drafting a bio for him that inaccurately included the computer science degree, and also said that he did not review the document or bios that followed based on the document.
Loeb’s Third Point, which owns 5.8 percent of Yahoo! shares, did not return calls for comment. Yahoo! declined to comment.
On Monday, Yahoo! board member Patti Hart, who took the lead role in the CEO search, said she will not stand for re-election after also coming under fire from Loeb for inaccuracies to her resume.
Scott Thompson, Stonehill College, resume, computer science, Yahoo!, the date Yahoo!