Thompson's College degree controversy[edit]

On May 3, 2012, news broke out that Thompson's biography at Yahoo was incorrect.
The CEO s biography stated that he held a dual accounting and computer science de
gree from Stonehill College, whereas investigation revealed that Thompson's degr
ee was solely in accounting, and not in Computer Science. The revelation came fr
om Dan Loeb, founder of Third Point LLC, which held 5.8% of Yahoo! stock, who ha
d been trying to gain seats on the board of directors of Yahoo![89][90][91]
In response to the crisis, Yahoo!'s board of directors formed a three member com
mittee to review Thompson s academic credentials and the vetting process that prec
eded his selection as CEO. The review committee s chairman is Alfred Amoroso, who
joined Yahoo!'s board in February 2012. The other directors on the panel are Joh
n Hayes and Thomas McInerney, who both joined in April 2012. The committee retai
ned Terry Bird as independent counsel.