The ax appears to be falling first on Patti S. Hart, the Yahoo! director who helmed the committee that selected Scott Thompson as chief executive, as Dealbook reports that Ms. Hart will not stand for reelection to the company board.
The news comes after investor Dan Loeb discovered inaccuracies on the resumes of both Mr. Thompson and Ms. Hart, and published the findings in an efforts to remove Mr. Thompson from the chief executive’s office, and to win a proxy battle for four seats on the Yahoo! board.
Lost in the story of Mr. Loeb’s broadside, we suppose, is the story of how Ms. Hart, after graduating from Illinois State University with a degree in business administration (not economics and marketing, as Yahoo! SEC filings had indicated), rose through the ranks of Sprint Communications before gaining the chief executive’s office at Excite@Home in 2001 and moving on to the top position at International Game Technology, a giant in the world of slot machines and the company that brought you the Aqueduct racino’s most famous attraction (pictured above).*
*Most of that according to IGT’s investor relations site, which, they may want to update: