Yahoo confirms misleading information on new CEO’s resume. Yahoo confirmed Thompson’s credentials had been exaggerated in the recent filing with the Securities and Exchange Commission. The company, which is based in Sunnyvale, California, brushed off the distortion as an “inadvertent error.”
Loeb (Third Point Fund) an investor in Yahoo pounced on the misinformation as a violation of Yahoo’s code of ethics and called for an independent investigation to determine whether Thompson had misled the company’s board about his technology credentials. He also cited the mix-up as an example of Yahoo’s poor corporate governance.