Yahoo investor demands look at CEO hiring documents in bid to oust Thompson
Washington, May 8 (ANI): One of Yahoo's largest investors who has been demanding that new chief executive Scott Thompson be dismissed, has asked the search giant to allow access to documents relating to the latter's recruitment.
Dan Loeb of Third Point criticized Thompson for wrongly claiming that he had earned a computer science degree.
The firm had set a Monday deadline for Yahoo to fire Thompson.
But after the Monday deadline passed without incident, Third Point demanded that Yahoo hand over documents and records related to Thompson's recruitment, The BBC reports.
"Third Point believes that Yahoo shareholders and employees will be best served if the board accepts responsibility quickly for this latest debacle," the firm said.
"It wants to "investigate wrongdoing or possible mismanagement" by Thompson and the board over the issue," it added.
Yahoo named Scott Thompson, the president of online payments firm Paypal as its new head in January 2012.
Third Point had accused Thompson of faking his educational record, and called it "insulting" to shareholders. (ANI)
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