TVNewser AgencySpy TVSpy LostRemote FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Yahoo’s CEO Still Has a Job. For Now.

Yahoo’s CEO Scott Thompson still has a job but Third Point, the activist hedge fund investor that had demanded his ouster for educational inaccuracies on his resum√©, isn’t letting up. Now they want to take a look at the paperwork that went into the vetting process.

Yahoo hasn’t responded, but Third Point has been very vocal. CNET has a statement from the hedge fund, which has laid out its demands for widespread investigations pretty thoroughly. Third Point is also seeking greater communication from Yahoo.

“We believe that this internal investigation by this Board must not be conducted behind a veil of secrecy and shareholders deserve total transparency,” Third Point’s statement reads, in part.

Fortune argues that poor business results and a lack of trust from consumers, investors, and other stakeholders puts Yahoo on defense with limited options. Levick’s Gene Grabowski says point blank Thompson can’t survive this attack from Third Point because the hedge fund “won’t give up.”

Yahoo’s board was expected to meet today to talk over the company’s response.

Mediabistro Course

PR: Incorporating Social Media & Multimedia

Public Relations: Incorproating Social Media and MultimdediaStarting October 22, learn how to use Twitter, Facebook, and keyword search to get your client's message heard! In this course, you'll learn how to develop online video, make social media updates, display multimedia content, and master your client's SEO so that your message will spread and reach all the right places. Register now!