Yahoo, Yahoo Ceo Resume | featured news

Yahoo CEO Scott Thompson reportedly will step down Sunday amid controversy over mentions on his resume and in regulatory filings of a computer science degree he never received.

Yahoo Inc director Patti Hart will not seek re-election to Yahoo's board, according to a source familiar with the matter, as the Internet company finds itself engulfed in a controversy over its new chief executive's educational background.

Yahoo’s chief executive Scott Thompson apologized to the company’s employees Monday, but did not say he has plans to step down. Thompson has been under fire since an investor vying for control of the company, Daniel Loeb, sent a letter Thursday to Yahoo’s board about the executive’s academic record. Yahoo later confirmed that while Thompson had listed a degree in computer science in his biography, he had never been awarded that degree.

Activist hedge fund investor Third Point, which has called for Yahoo Inc Chief Executive Scott Thompson's ouster over resume padding, sent a legal letter to the internet company demanding it provide access to all documents relating to the hiring of the CEO.