Yahoo Investor Third Point Demands Records Over CEO Hiring
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Yahoo! Inc. investor Third Point LLC, the fund seeking board representation and management changes at the Web portal, has asked to inspect records related to the hiring of Chief Executive Officer Scott Thompson.
Third Point in a letter today urged the board to consider firing Thompson over misrepresented academic credentials and challenged the company to document its contention that the error was inadvertent. Third Point also requested records related to the appointment of director Patti Hart and the selection of five new board members.