updated 11:25 pm EDT, Thu May 10, 2012
Thompson accused of falsehoods in resume by Daniel Loeb
Embattled Yahoo CEO Scott Thompson has provided another explanation for the inaccuracies on his resume. Thompson reportedly told other top Yahoo executives that he never personally provided Yahoo with a resume prior to taking the CEO job. Yahoo representatives have declined to comment on this matter.
During the meeting on Thursday, Thompson continued to deny allegations by Daniel Loeb that he was the one who supplied the false educational information to Yahoo. Loeb's accusation that Thompson willingly supplied false information in his resume came a day after Yahoo's board informed shareholders that Loeb didn't deserve to run the company. Loeb currently holds 5.8 percent of Yahoo stock through his hedge fund, Third Point LLC. Loeb is attempting to shake up the board and replace four members with personnel from Third Point.
Thompson was selected on January 4 by members of existing board of directors that Loeb is trying to oust. [via Seattle Pi] Carol Bartz was removed from the position in October 2011 in part due to her failure to control the skid in the company's value.