Disgruntled shareholders are calling on Yahoo to investigate the background of chief executive Scott Thompson.
Investment firm Third Point has sent a letter demanding that the company investigate the hiring of Thompson by Yahoo's board of directors.
The letter called for an investigation into both Thompson's hiring and the process used by the board to vet potential executive candidates.
The Yahoo chief has come under fire from shareholders following the revelation that Thompson's CV and documents filed by the company inaccurately state that Thompson held a degree in computer science.
Last week shareholder activist Dan Loeb, chief executive of Third Point, demanded that the company investigate the matter.
"Third Point believes that Yahoo shareholders and employees will be best served if the Board accepts responsibility quickly for this latest debacle," Third Point said in its letter to Yahoo.
"If the Directors are truly interested in 'working in a constructive manner with Third Point', they should provide answers promptly."
While Yahoo's board of directors have confirmed that they will investigate the matter, the company has contended that the inaccurate CV is due to a misprint issued by a third party and not the result of Thompson deliberately embellishing his CV.
The issue marks the latest turn in what has become a parade of embattled chief executives at the internet giant. Following the disastrous reign of Jerry Yang, the company began a tumultuous run under Carol Bartz before hiring Thompson in January.
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