Yahoo Board reviews Thompson's qualifications

Absrtact: Patihat, a board member of the US Yahoo Company, became the first casualty of the Scott Thompson of the CEO's degree fraud. Hart in charge of the nomination of directors, 4 months ago in the phase of Thompson. She has said that she intends to leave the Yahoo board and concentrate on

Pati Hart, the board member of the US Yahoo Company, became the first "victim" of the "fake" storm of chief executive Scott Thompson's degree.

Hart in charge of the nomination of directors, 4 months ago, "phase" Thompson. She said she plans to leave the Yahoo board and concentrate on being the chief executive of the International Gaming technology company.

Yahoo's board appointed a special committee and hired a law firm to review Thompson's qualifications.

Yahoo's website and Yahoo's filing with the Securities and Exchange Commission showed CEO Thompson has a bachelor's degree in computer science and accounting. And the hedge fund's 3rd company identified Thompson as having only a bachelor's degree in accounting, allegedly "beautifying the diploma".

The 3rd company is Yahoo shareholders, holding 5.8% of the shares.

Hart in January this year from the billion-PayPal online payment platform "PayPal" dug to Thompson, May 8 became the first "shot" of the storm.

In a statement that day, she said it would announce the departure of the board at Yahoo's annual meeting to better fulfill its role as chief executive of an international gaming technology company for video game makers.

"It is my pleasure to serve Yahoo shareholders," Hart said, "and I still have confidence in the future of the business." ”

According to Philippe Satte, chairman of the Board of International Gaming Technology, he asked Hart not to continue as a Yahoo director because of the distraction of her multiple jobs.

In response, Yahoo thanked Hart for his contribution to the company since June 2010 and wished her good luck.

Hart is Mr Thompson's sixth "runaway" board member since joining Yahoo. After she left, Yahoo's board left only 9 members.

In fact, Hart himself is the 3rd company to "fight against the target."

The company last week identified Hart as an actual student of business management, with a bachelor's degree in marketing and economics from the SEC.

Yahoo then came forward to clarify that Hart graduated from Illinois State State University, has a bachelor of Science in Business management field, professional direction is the market and economics.

On the Thompson degree controversy, Yahoo's board announced 8th that it would introduce special committees and law firms to conduct a thorough investigation.

The 3-person Special Committee, led by Alfred Amoroso, an independent director who joined Yahoo this February, will independently and thoroughly review the hiring of Thompson and report back to shareholders.

The 3rd company previously asked Yahoo to review all the paperwork related to Thompson's employment and dismiss him.

Industry analysts said that Mr. Thompson joined Yahoo at the beginning of the "fire" to make Yahoo face change. Financial reports for the first quarter of this year show that Yahoo has achieved net revenue growth for the first time since 2008. However, his involvement in the academic degree turmoil has cast a shadow over Yahoo's slightly improved prospects.

Thompson sent a memo to Yahoo employees 7th, apologizing for "inaccurate description" of the education situation in his resume, without mentioning whether or not to resign.

A Yahoo employee, who declined to be named, told Reuters that Thompson's arrogant style had caused many employees to resent him for not having strong internal support to withstand the storm.

As Thompson's first step to revive Yahoo, Yahoo announced last month to cut 2000 employees, equivalent to 14% of the total number of employees, Yahoo has so far the most ruthless single round of layoffs.