Oh! Yahoo CEO isn't a computer grad

NEW YORK, USA: Yahoo Inc admitting to error in the educational qualification of CEO Scott Thompson threatens to nullify the board of directors appointed by Thompson.

"Scott Thompson received a bachelor of science degree in business administration with a major in accounting from Stonehill college," the spokesman said in an emailed statement. "There was an inadvertent error that stated Thompson also holds a degree in computer science," he added.

On Thursday, Third Point's founder and chief executive, Dan Loeb, wrote in a letter to Yahoo's board that Thompson claims to hold a bachelor's degree in accounting and computer science from Stonehill College near Boston, but said Thompson "embellished his academic credentials" because the CEO's degree is in accounting only.

Third Point owns 5.81 percent of Yahoo's shares and has been fighting to gain seats on the company's board.

According to an AP report quoting Stonehills's website: Thompson only has an accounting degree from Stonehill College, an accomplishment that Yahoo also listed in the filing. The accounting degree was the only one listed in Thompson's resume last year by eBay Inc. when he was still running that company's PayPal payment service. He graduated in 1979.