Activist hedge fund investor Third Point demanded that internet company Yahoo Inc fire its chief executive, Scott Thompson, by Monday 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.
Yahoo, whose revenue slid by more than a fifth last year, brought in Thompson, PayPal’s former president, as chief executive in January, five months after Carol Bartz was fired.
Yahoo spokesmen could not be immediately reached for comment.
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