Patti Hart on Stepping Down From Yahoo's Board
I was in Vienna on vacation with my son and husband. In the middle of the night, my phone started ringing, and my e-mail started flooding. Dan Loeb, a Yahoo investor, had accused [CEO] Scott Thompson of lying about his degree and challenged my academic credentials, too. I am one of the most vetted CEOs in the country. When I got a degree in business administration in 1978, my areas of focus were marketing and economics. Back then you only had broad-based degrees with areas of emphasis. At some point along the way, as press releases were being written, people highlighted the focus by saying I had a degree in marketing and economics. Scott had been portrayed as having a computer science and accounting degree. [It was in accounting.] It was a little ridiculous. Would we have hired Thompson if it did not say he had a degree in computer science? Yes.
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