SUMMARY
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Yahoo! boss Scott Thompson stepped down on Sunday, May 13, in the face of controversy about his allegedly inflated resume. Yahoo! last week created a special committee look into a charge leveled by activist shareholder Daniel Loeb, whose hedge fund Third Point has been engaged in a proxy battle with the struggling Internet pioneer. Yahoo! conceded the “inadvertent error,”and Thompson became the 6th Yahoo! CEO to step down in five years.
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