When our network broke Yahoo CEO Scott Thompson's plan to layoff 14% of the company's workforce on Apr 4, we said it's all about perception for Yahoo. At that time, we were referring to the company's brand image in the sense that it doesn't appeal to internet users in their 20's and younger. Now it has a bigger problem to worry about. Scott Thompson apparently misrepresented his credential from Stonehill College and did not walked away from the Easton, Massachusetts campus with a degree in computer science.One of the largest investors in Yahoo stock, Third Point, demands the company to dismiss Thompson immediately. Third Point CEO Daniel Loeb said Stonehill College did not begin to offer computer science major until four years after Thompson graduated. Stonehill College spokesperson Martin McGovern verified that Thompson received a bachelor's of science degree in business administration with a major in accounting on May 20th, 1979.How serious do you think this misrepresentation is? Thompson proved himself to the market when he was at PayPal, where he more than doubled its top line, but do you think his capability can offset this? Please send in your comments to our show or tweet me @juliasun_onair. I'm Julia Sun reporting for the Financial News Network in New York City.