Loeb giving Yahoo! CEO third degree

Yahoo! CEO Scott Thompson doesn’t need a degree in computer science to know he’s in deep trouble.

Activist investor Dan Loeb sharpened his attack on Yahoo! yesterday, calling on the board to fire Thompson immediately after uncovering embellishments to his résumé.

Loeb’s hedge fund, Third Point, alerted Yahoo!’s board Thursday of inconsistencies in Thompson’s education background. He claimed to have a degree in both accounting and computer science from Stonehill College in Massachusetts when he has only an accounting degree. Stonehill didn’t even have a computer science program when Thompson attended.

Yahoo! admitted Thompson did not have a computer science degree but portrayed the puffed-up résumé as an “inadvertent error” in responding to a scathing letter from Third Point.

The hedge fund, which has a 5.7 percent stake in Yahoo!, has been in attack mode against the company as it tries to win four board seats.

Initially, Loeb drew on the résumé padding to apply pressure to the board but stopped short of demanding Thompson’s dismissal.

Yesterday, however, Loeb stepped up his outrage, calling Yahoo!’s response “insulting to shareholders.” The company has said it will investigate Thompson’s résumé, but Third Point said that was “too little.”

The hedge fund gave Yahoo! until Monday at noon to fire Thompson and accept the resignation of director Patti Hart, who was also found to have inconsistencies in her education history.

Third Point also said it wants the company to immediately accept its slate of board nominees so they can help find the next CEO.

Yahoo! only said yesterday that it was still looking into the matter.

gsloane@nypost.com

computer science, Dan Loeb, Third Point, Stonehill College, accounting degree ebook download, Yahoo! CEO Scott Thompson doesn, Yahoo!

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Falling wage growth adds gloom to jobs picture, labor group says

Workers take part in a May Day demonstration in Detroit this week. Adusted for inflation, average hourly wages for private-sector workers in the U.S. in March were 0.6% lower than a year earlier, the National Employment Law Project said. (John T. Greilick / Detroit News / May 4, 2012)

WASHINGTON -- Declining wage growth is adding to the discouraging employment picture, leaving cash-strapped workers unable to help boost the recovery, the National Employment Law Project said.

One big way lawmakers could help is to raise the minimum wage and index it to inflation, the worker advocacy group said.

“Increasingly, Americans are finding that low-wage jobs are their only option,” said Christine Owens, NELP's executive director.

Average hourly wages for all private-sector workers increased in March at a 2.1% annualized growth rate, well below the 3.3% growth rate when the Great Recession began in December 2007, according to a report from the group.

But when adjusted for inflation, real hourly wages fell 0.6% for all private-sector workers in the year ending in March, the group said. The drop was a steeper 1% for nonsupervisory and production workers.

"In other words, in real terms, workers are earning less now than a year ago," the report said.

Friday's tepid jobs report -- 115,000 net new jobs added in April -- highlights the difficulty average Americans are having to make ends meet, Owens said.

“The economy needs a boost, with more investment to create jobs and higher wages for workers to stimulate greater demand,” she said.

The report was completed before Friday's job numbers were released. But slow wage growth continued in April, according to the Bureau of Labor Statistics.

Average hourly earnings rose by just 1 cent in April to $23.38. 

NELP urged Congress to pass legislation introduced by Sen. Tom Harkin (D-Iowa) that would raise the federal minimum wage to $9.80 by 2014 from $7.25. The bill also would index the minimum wage to inflation.

RELATED:

Job growth slows again in April

Men's wages still struggling to recover from recession

Long-term unemployment affects nearly 30% of jobless Americans

National Employment Law Project, John T. Greilick, minimum wage, minimum wage, Detroit News, wage growth, wage growth, NELP, federal minimum wage, inflation, Christine Owens, growth rate, Detroit

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Today's Sports on the Air

Baseball

8 p.m.

Yankees at Royals YES, WCBS (880 AM)

8 p.m.

Indians at White Sox

NBA Playoffs Conf. Qtrs.

7 p.m.

Heat at Knicks, Game 3 MSG, TNT,
ESPN (98.7 FM)

9:30 p.m.

Thunder at Mavericks, Game 3

Golf

9 a.m.

European Golf Tour Reale Seguros Open de Espana: First Round GOLF

3 p.m.

Wells Fargo Championship: First Round GOLF

NHL Playoffs Conf. Semis

7:30 p.m.

Flyers at Devils, Game 3 NBCSN,
WFAN (660 AM)

10 p.m.

Blues at Kings, Game 3 NBCSN

Horse Racing

12:45 p.m.

Churchill Ch. 71

1 p.m.

Belmont Ch. 71

4 p.m.

Hollywood Ch. 71

7:10 p.m.

Yonkers Ch. 71

Knicks, Mavericks ebook download, WCBS, FM

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Amazon to start making kids' shows, sitcoms

SEATTLE -- Amazon.com has been stocking up its web video offering with lots of old TV shows, but now it's going to start making some of its own.

The company is pulling back the curtain on its plans to produce kids' shows and sitcoms via its "Amazon Studios" unit, which has already been dipping a toe into the movie business.

Word of the new push leaked out earlier this year, via hiring notices.

AMAZON MAY BE GETTING INTO ORIGINAL TV BUSINESS

Amazon Studios head Roy Price won't discuss his budget, the number of shows he intends to make or a timeline for getting them on the web. But he is willing to sketch out a couple notions.

Like the movie effort, Amazon is soliciting scripts for new productions via the web and will pay out modest fees -- $10,000 for an option, $55,000 if a show gets produced, plus possible royalties -- for shows it likes.

The big difference between Price's TV effort and his movie effort is that Amazon intends to actually make the shows and distribute them via its own site. For the movie effort, Amazon is feeding scripts it likes to Warner Bros., which will decide what to do with them.

To read more, go to AllThingsDigital

Amazon Studios, BUSINESSAmazon Studios head, Amazon, Roy Price

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ISS: Pay OK!

JPMorgan Chase & Co. and Morgan Stanley’s executive compensation packages received endorsements from ISS Proxy Services USA, the firm whose negative recommendation helped sink a similar plan at Citigroup Inc.

JPMorgan and Morgan Stanley displayed “reasonable alignment” between shareholder returns and pay for Jamie Dimon and James Gorman, ISS analysts wrote.

Morgan Stanley, ISS Proxy Services USA, JPMorgan Chase , Jamie Dimon, Citigroup Inc., James Gorman, executive compensation packages, shareholder returns, ISS

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Softball roundup: Cardozo upsets Francis Lewis

Cardozo picked up its biggest win in a hectic season.

Nicole Guglielmetti went 3-for-3 with two RBIs and a run scored and Gabriella Valdes was 1-for-2 with two RBIs and two runs scored to lead Cardozo to an 8-5 win over rival Francis Lewis in PSAL Queens A-I softball Tuesday in Fresh Meadows.

Shelby Yacovone gave up two earned runs on eight hits and seven walks with 14 strikeouts in seven innings for the Judges (9-2 Queens A-I), who have been dealing with the dismissal of coach Larry Alberts all season. Alberts was removed by the school pending an investigation into “inappropriate language” in late March.

Lewis, which was without pitcher Priscilla Lallave, falls to 9-3.

Beacon 2, George Washington 1: Ellen Mullan Jayes gave up just one run on four hits with six strikeouts in seven innings for Beacon (5-6 Manhattan A). GW is 7-4.

New Dorp 9, Petrides 6: Alexa Pedersen and Christina Perez each had three hits for New Dorp (6-6 Staten Island A). Petrides is 6-6.

Hunter College HS 10, LaGuardia 5: Rachel Retica went 2-for-4 with four RBI and two runs scored and Tiffany Ramos scored three runs to lead Hunter (6-5 Manhattan A). LaGuardia is 3-8.

Manhattan Center 14, Bergtraum 0: Idaysha Quinones gave up no runs on three hits and four walks with five strikeouts in five innings for Center (7-4 Manhattan A). Bergtraum is 1-10.

CHSAA BRONX/WESTCHESTER

Preston 6, Sacred Heart 0: Megan Kelly went 3-for-3 and threw four scoreless innings for Preston (8-0). Julianna Orrico tossed the final three innings and picked up an RBI. Danielle Kibler had three hits and three RBIs and Kitty Lajqi added a double and an RBI.

St. Catharine 4, Sacred Heart 3: Diamond Villegas struck out nine in seven innings and Stacia Stuttles went 3-for-4 with two RBIs to lead St. Catharine on Monday.

CHSAA STATEN ISLAND

St. Joseph by the Sea 10, St. Joseph Hill 0: Jackie Cautela tossed a five-inning no-hitter and struck out eight, while walking just two for St. Joseph by the Sea (7-0). Vanessa Jioia homered, doubled and collected three RBIs. Kristy Colangelo had three hits and Alexandria Prescia and Alexa Bunnicelli each had two hits and two runs scored. St. Joseph Hill is 1-8.

PSAL CLASS B

Grady 17, Sheepshead Bay 4: Julia Smith and Marika Matheson each had two RBIs to lead Grady (9-2). Sheepshead is 4-8.

Scholars Academy 31, Campus Magnet 1: Lauren Hegel went 3-for-5 with a home run, six RBIs and four runs scored and Taylor Gallagher was 4-for-5 with six RBIs and three runs scored for Scholars (10-2 Queens B-II). Campus Magnet is 0-12.

Baccalaurate 14, Queens Metropolitan 1: Olivia Witting went 3-for-4 with a home run, four RBIs and two runs scored and also gave up one run on two hits with nine strikeouts in five innings for Baccalaureate (10-3 Queens B-I). Queens Metropolitan is 6-6.

OTHER SCORES

RFK 17, Hillcrest 11

mraimondi@nypost.com

jstaszewski@nypost.com

Francis Lewis, Larry Alberts, Gabriella Valdes, Alexa Pedersen, St. Joseph Hill, RBIs, George Washington, scoreless innings

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Yonkers Results

FIRST-1-mile; pace; $8,500; cl.

1

He's Great (B Sears)

4.80

2.70

2.10

2

Too MuchPepper(JBartlett)

3.00

2.50

4

My Time Hanover (J Gregory)

4.80

* Exacta (1-2) $13.40 * Triple (1-2-4) $48.40
Winner picked by Bill Smith

SECOND-1-mile; trot; $8,500; cl.

5

Rev It Now (B Sears)

2.80

2.30

2.10

3

SunsetGentelmn(JGregory)

3.90

3.40

4

See Through It (J Bartlett)

4.90

* Exacta (5-3) $11.20 * Triple (5-3-4) $68.50 * Daily double (1/5) $10.80
Exacta picked by Bill Smith

THIRD-1-mile; pace; $8,500; cond.

3

Sakra Fella (B Sears)

10.00

4.30

4

Giacometti (L Stalbaum)

5.70

7

Boi (B Simpson)

5.70

* Exacta (3-4) $43.00 * Triple (3-4-7) $124.00 * Superfecta (3-4-7-5) $270.50

FOURTH-1-mile; trot; $8,500; cond.

5

SmallBlls(SBouchard)

25.60

11.60

7.20

8

Haste (M Forte)

51.50

15.40

7

Call Me Madam (R Baynes)

14.40

* Exacta (5-8) $1,313.00 * Triple (5-8-7) $18,370.00 * Pick 3 (5/3/5) $236.50

FIFTH-1-mile; pace; $11,000; cl.

1

Magnus Deo (BSears)

5.70

3.70

2.60

5

Steuben N (J Stratton)

23.40

10.00

2

All Powerful (C Manzi)

5.10

* Exacta (1-5) $78.50 * Triple (1-5-2) $309.00 * Superfecta (1-5-2-7) $2,880.00
Winner picked by Bill Smith

SIXTH-1-mile; pace; $11,000; cl.

2

DmondDnN(LStlbum)

24.60

10.80

4.80

1

SupremeEditonN(BHolland)

5.60

2.50

4

Island Redemption (C Manzi)

6.10

* Exacta (2-1) $79.50 * Triple (2-1-4) $425.00 * Pick 4 (3/5/1/2) $5,395.00

SEVENTH-1-mile; pace; $8,500; cond.

2

Carolsdeal(JDauplse)

10.80

3.90

3.10

1

HyworthBluChp(RSchnttkr)

2.70

2.20

3

Abriella (S Bouchard)

3.20

* Exacta (2-1) $20.80 * Triple (2-1-3) $59.00 * Pick 3 (1/2/2) $335.50

EIGHTH-1-mile pace; $11,000; cond.

4

Fella'sElla(GBrennan)

8.10

5.50

2.30

3

Vanity Fairest (P Lachance)

8.40

2.50

2

Heavens Bettorhalf (B Sears)

2.10

* Exacta (4-3) $70.50 * Triple (4-3-2) $141.00 * Superfecta (4-3-2-5) $731.00Scr: Chop Chop Suey.

NINTH-1-mile pace; $14,000; cond.

1

Cosmcpeda(JBartlett)

3.50

2.80

2.10

3

TaylorlneCruser(SBouchrd)

8.80

3.50

2

Showtime Shark (B Sears)

2.50

* Exacta (1-3) $24.60 * Triple (1-3-2) $52.00
Winner picked by Bill Smith

TENTH-1-mile pace; $16,000; cl.

4

Shotgun A (B Sears)

5.80

3.50

2.60

5

Colonial Road (J Bartlett)

7.30

3.90

2

Salevster Stallion (L Stalbaum)

2.50

* Exacta (4-5) $48.80 * Triple (4-5-2) $176.50 * Superfecta (4-5-2-6) $1,101.00 * Pick 3 (4/1/4) $71.50 * Pick 4 (2/4/1/4) $767.00
ELEVENTH-1-mile pace; $17,000; cond.

3

Roadway (J Stratton)

18.60

7.50

3.40

2

TdewaterTomhwk(JBrtlett)

17.20

5.20

4

Ty's A Big Star (B Sears)

2.50

* Exacta (3-2) $263.00 * Triple (3-2-4) $738.00Scr: Let's Roll Joe.

TWELFTH-1-mile; pace; $14,000; cond.

3

PembrokNck(GBrnnn)

4.40

3.10

2.40

7

Deep Finesse (B Sears)

4.90

2.30

1

Open Water (D Dube)

2.50

* Exacta (3-7) $25.80 * Triple (3-7-1) $73.00 * Superfecta (3-7-1-2) $201.00 * Late double (3/3) $69.50

Total Handle-$947,685.

B Sears, B Sears, J Bartlett, L Stalbaum, L Stalbaum, J Gregory, Bill SmithSECOND-1-mile, B Simpson, C Manzi

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