The last seven days have no doubt felt surreal for executives and board members at Yahoo. It was a week ago that shareholder Daniel Loeb, CEO of hedge fund Third Point, revealed that Yahoo CEO Scott Thompson’s educational credentials included a computer science bachelor’s degree he never earned, spurring demands for the company to take action. The latest development is that Patti Hart, the director who headed the search that resulted in Scott Thompson’s selection as CEO, will not stand for re-election to the Yahoo board of directors at the upcoming annual meeting of stockholders.
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Yahoo Nail-Biting Could Lead to Bloodletting
Posted by: Erika Morphy May 9, 2012 09:45 AMThe last seven days have no doubt felt surreal for executives and board members at Yahoo. It was a week ago that shareholder Daniel Loeb, CEO of hedge fund Third Point, revealed that Yahoo CEO Scott Thompson’s educational credentials included a computer science bachelor’s degree he never earned, spurring demands for the company to take action. The latest development is that Patti Hart, the director who headed the search that resulted in Scott Thompson’s selection as CEO, will not stand for re-election to the Yahoo board of directors at the upcoming annual meeting of stockholders.