The stunning revelations that the internet’s origin tech-giant Yahoo has a CEO, who has been alleged to have tampered his academic records. As the internet dominated the business arena across the globe, the revelations had rocked the elite world like a mega earth quake. The news in the board room would be that most CEO’s would now get back to rewrite their resume and delete the unwanted, just joking ok.

However the allegations on Yahoo CEO Scott Thompson did create ripples in the still elite waters. But as of now not much reaction from Yahoo, regarding the tampering is heard. This simply means Thomson shall still be helming the department for more time. Getting into the grass roots of the allegations, one of Yahoo’s largest share holders, Third Point made the allegation that Thomson had made false claims.

Dan Loeb, founder and Chief executive of Third Point alleged that Thomson made false claims of possessing a Bachelor’s degree in accounting and computer science from Stonehill College near Boston, according to Huffington Post. He also added that Thomson only possessed a degree in accounting. Dan had sent a letter to the Yahoo Board of Directors in this regards. However lukewarm response from the Tech Giant on such a serious issue irked Third Point. In a statement on Friday, Third Point said, “To assert that years of inaccurate SEC filings, website biographies and (more)… were `inadvertent’ is, in our view, the height of arrogance.

Third Point demanded Yahoo to fire the CEO and wanted three issues to be sorted out before Monday noon. They are, to reveal the vetting process for Thomson’s appointment, explain process of nominating Board Directors and disclose whether any other Yahoo Board members knew about Thomson’s college degree inaccuracy.

Though Yahoo was quick enough to remove the controversial matter from the CEO’s official bio, it is much reluctant to move ahead beyond this point. In its official website the Tech Giant has stated,’ in no way alters that fact that Mr Thomson is a highly qualified executive with a successful track record leading large consumer technology companies.’ Adding on Thursday that a probe is being made and shall `make an appropriate disclosure to shareholders’ once completed. However Third Point had a long history of launching proxy allegations and Yahoo is the latest victim. (With Inputs from Internet- Aarkay)