Third Point, one of Yahoo Inc.'s largest investors, is pressuring the company to dismiss Chief Executive Scott Thompson after his academic computer science credentials were misrepresented, Bloomberg reports.

Third Point, which wants representation on Yahoo's board, says Yahoo should "terminate Thompson for cause immediately."

Some observers believe Yahoo hired the former head of PayPal Inc. to develop payments products for the company (see story).

For a longer version of this story, please visit AmericanBanker.com.

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