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Chief's degree: Yahoo tries to address error

Yahoo sought to contain the turmoil surrounding its chief executive's embellished academic record on Tuesday, as the director who led the search for the executive said that she would not stand for re-election to the board.

business Updated: May 09, 2012 22:49 IST

Yahoo sought to contain the turmoil surrounding its chief executive's embellished academic record on Tuesday, as the director who led the search for the executive said that she would not stand for re-election to the board.

The company also announced that it had created a three-director committee to examine how the erroneous credentials of the CEO, Scott Thompson, were overlooked during his hiring process. Yahoo has acknowledged that Thompson claimed a degree in computer science that he did not have.

In a statement, Patti S Hart said that her primary responsibilities were as chief executive of International Game Technology and "to eliminate activities that may interfere with my ability to carry out my commitments to IGT and its valued stakeholders." Yahoo has no current plans to replace her on the board.

The questions about the hiring of Thompson are turning into a distraction within the company, with employees reaching out to directors about their concerns regarding Thompson and the board, according to people briefed on the matter.