Third Point Demands Yahoo Fire CEO Today

Reuters – Activist hedge fund investor Third Point demanded that internet company Yahoo Inc. fire its chief executive, Scott Thompson, by Monday [May 7] for padding his resume.

The hedge fund’s CEO, Daniel Loeb, who has been waging a public battle to place his company’s nominees on Yahoo’s board, also called for the resignation of board member Patti Hart, whom he had accused of claiming false degrees on her resume.

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