Yahoo announces plans to investigate CEO’s academic credentials

Yahoo announced yesterday that it will be forming a committee that will investigate the academic credentials and background of CEO Scott Thompson. The committee will also look into the process of how Thompson was hired at Yahoo just five months ago. This news comes just days after Yahoo shareholders unveiled evidence that Yahoo’s recently hired CEO lied on his resume, claiming that he received a computer science degree from Stonehill College that he never actually obtained.

The Board of Directors of Yahoo! Inc. (NASDAQ:YHOO) today announced that it has formed a special committee to conduct a thorough review of CEO Scott Thompson’s academic credentials, as well as the facts and circumstances related to the review and disclosure of those credentials in connection with Thompson’s appointment as CEO.

The special committee is chaired by Alfred Amoroso, an independent director who joined the Board in February of this year. The other members of the special committee are John Hayes and Thomas McInerney, independent directors who joined the Board in April of this year.