Yahoo, the Internet pioneer that has definitely seen better days, has been forced to admit that its newest CEO, Scott Thompson (pictured), has a bloated resume.While Thompson’s credentials include a degree in “accounting and computer science” from Stonehill College near Boston, the truth is that Stonehill began offering computer science degrees four years after the CEO graduated. Instead, Thompson graduated with a degree in accounting, along with what reports claim could be a single course unit called Introduction to Computer Science.
The revelation has angered Daniel Loeb, one of Yahoo’s shareholders and founder of activist hedge fund Third Point LLC, who wrote a letter of complaint to the Securities and Exchange Commission.
“If Mr Thompson embellished his academic credentials we think that it 1) undermines his credibility as a technology expert and 2) reflects poorly on the character of the CEO who has been tasked with leading Yahoo! at this critical juncture,” the letter reads. “Now more than ever Yahoo! investors need a trustworthy CEO.”
The discovery of the discrepancies could be what Loeb wanted, as he has been campaigning to get rid of the current Yahoo! board of directors and replace them with new members–him included.
A spokesperson for Yahoo, however, said that this is really not worth the bother. The company will continue to bank on Thompson’s capability. Apparently, Yahoo would like to point out that anyone can make mistakes.
Source: TG Daily
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