As current exec's lie is exposed, Yahoo could have to ready its revolving door of CEOs for another spin.
The row over Yahoo's leadership intensified over weekend as another major investor called for CEO Scott Thompson to be fired.
Once a leader in the online world, Yahoo has been overshadowed by players like Google and Facebook, and the company is struggling to regain its top-tier status.
Yahoo sas its board will review a discrepancy in the resume of its CEO, Scott Thompson, and "make an appropriate disclosure" to shareholders.
Yahoo acknowledges that its new CEO, Scott Thompson, does not hold a degree in "accounting and computer science" as his resume and the corporate website stated.
A nation's well-documented fondness for bathroom reading expands to include the world of tablets.
UPDATE: Facebook says it's "perplexed" by Yahoo, which notes that Facebook cites in its suit eight patents purchased in the past five months and several claims reference stealth products.
Big bucks buys through the years don't always turn out the way either party expects. Here are a few famous examples.
Yahoo will begin informing employees of the layoffs and 'phased transitions' today.
Facebook has denied Yahoo's claims of patent infringement and shot back with counterclaims that Yahoo infringed 10 Facebook patents.