The investigation will review whether Thompson ever lied about his academic credentials, as well as Yahoo's own internal controls.
Besides skewering Hart for shoddy research into Thompson's background, Third Point blasted her for an inaccuracy about her own academic history.
Hart's bio had claimed she held a bachelor's degree in marketing and economics. After being confronted by Third Point, Yahoo clarified that Hart graduated from Illinois State University with a bachelor's degree in business administration with specialties in marketing and economics.
IGT also said Hart holds a bachelor's degree in marketing and economic in a recent SEC filing.
"After a thorough review, the IGT board of directors has found no material inconsistencies in Patti Hart's academic credentials," Satre said.
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