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FBN's Liz MacDonald on Yahoo's biggest investor demanding the board fire CEO Scott Thompson.
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All right -- a good question will Yahoo!'s CEO Scott Thomson survive.
Lying on his resume we talk about the yesterday a top Yahoo! shareholder -- Monte Thompson be fired immediately Elizabeth MacDonald the deferred last on this story.
We've got breaking news period there it -- top investor in Yahoo! outside investor Daniel Loeb.
Doesn't want to be on the board he's not -- asking to for the board to fired this CEO.
Of Yahoo! but also board director Patricia heart for pay picking her resonate as well.
And it's a withering scathing letter again this is breaking news essentially he's saying look.
Not just -- investigation should be conducted you should get rid of these two -- in it to call it inadvertent.
That he faked his resonates -- -- a computer sciences degree when nearly an accounting degrees is insulting to shareholders also the height of arrogance.
And he's saying is such -- he wants to be has the right to be on the board at Yahoo! for some time now.
Anybody defending -- and you know the dollars coming out defending and saying he is qualified in fact you know he was -- tech top tech officer PayPal.
And also -- -- but for now to top executives of Yahoo! to be under fire.
Is a big deal for a company whose stock has been flat on -- between ten and twenty bucks.
For four years never never Microsoft want to buy Yahoo! for 33 bucks a share so if Daniel -- wins this fight.
Who knows that Yahoo! could turn around his and again wanted to be on that work for some time so it's also adding to some extent it's not it's another thing as.
As -- we -- signs SEC documents or you put yourself out there as saying you know you -- certain degree.
You know but other executives haven't fired in the past and that has certainly happened at RadioShack and her down -- somewhere in the in the I'm not sure I think this is going to be a real.
Two problematic -- and had survived.
But again other CEOs and other top executives have been fired for the same offenses as CFO of -- software and also got -- -- in Catholic.
Yes excuse me RadioShack 2006 Dave Edmondson resigned in -- stake in his threats.
More to come on this story -- Loranger thank you very much you can't live in the same -- we're kind of figure.
