While Yahoo is facing a lot of external challenges which it must face to stay important in the tech world, there is an internal battle going on too. We reported earlier that one of Yahoo’s major shareholders, Warren Buffet, and his firm Third Point, had pointed out that Yahoo’s current CEO misstated his qualifications on his official resume.
Soon after the ‘error’ had been disclosed, Yahoo was quick to respond to this by saying that this was an ‘inadvertent’ error. Naturally, Warren Buffer has no plans of buying it and is trying to step up the pressure on Yahoo’s board.
The whole thing seems to be one long tussle to gain dominance in Yahoo’s board, Buffet being trying so for quite some time. So he quite quickly brushed away any excuses which were presented by Yahoo as a response to the allegations that Yahoo’s CEO intentionally misquoted that he had a degree in Computer Science when actually he doesn’t.
Responding to this, Buffer stated, ” It doesn’t sound like an inadvertent error. If I thought as a director, if I thought that an officer had consistently misstated some fact to me, I think I’d probably do something about it. … We had something like that one time. If you can’t trust the people you’re working with, you’ve got a problem.”