Main image of article Yahoo Investor Demands Look at Hiring Records
Yahoo investor Third Point asked to inspect the books and hiring records related to the company's hiring of CEO Scott Thompson. The legal filing by the hedge fund investor, announced in a press release, also demanded a review of the records relating to the appointment of Patti Hart to the Yahoo board, as well as several other directors. The request stems from accusations last week that Thompson had padded his resume. Yahoo will likely respond by announcing "a board investigation — using an outside law firm and headed by independent director {Fred} Amoroso," wrote Kara Swisher of All Things D. Third Point is seeking approval of its own slate of nominees to the Yahoo board, including its founder Daniel S. Loeb. The request was made under Section 22o(b) of the Delaware General Corporation Law.