Julianne Pepitone for CNN Money:

The proxy fight between Yahoo and activist shareholder firm Third Point just got extra nasty. Third Point came out swinging late Thursday with an allegation that Yahoo CEO Scott Thompson lied about his college degree — and on Friday, the activist shareholder firm called for Thompson’s ouster.

It’s worth noting that Third Point CEO Dan Loeb is bucking for a spot on Yahoo’s board of directors. This is ugly. But let this be a lesson: eventually, you’ll get caught if you pad your resume.