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Yahoo Board Forms Committee To Look Into CEO Credentials

By TechTaffy Desk

[Techtaffy Newsdesk]

The Yahoo board has formed a special committee to conduct a 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 Mr. 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 Yahoo board in April of this year.

The special committee has retained as its independent counsel Terry Bird of the law firm Bird, Marella, Boxer, Wolpert, Nessim, Drooks and Licenberg in Los Angeles. Mr. Bird is a Fellow of the American College of Trial Lawyers and a former federal prosecutor, and has also served on the President’s Judicial Advisory Committee for the Central District of California.

Yahoo says it intends to make the appropriate disclosures to shareholders promptly upon completion of the review.

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