The nation’s CEO’s are retreating to their offices and closing their doors with no comment on the newest revelation in Internet business. There has been a ripple in the waters of accuracy in the employment process that surely isn’t a lone incident. How many of you CEO’s need to tell us something? Come on! This is your chance to out yourself and keep your job.
So far, it seems that Yahoo! CEO Scott Thompson will be keeping his job with the Internet technology company after it was discovered that he may have padded his resume a little bit. Dan Loeb, founder and chief executive of activist hedge fund company Third Point, which is among the company’s largest institutional shareholders, charged Thompson with the false claim of having a bachelor’s degree in accounting and computer science from Stonehill College near Boston, according to the Huffington Post. Loeb wrote a letter to the board saying that the CEO “embellished his academic credentials,” and he only holds a degree in accounting.
Loeb clarified his claims further saying in the letter:
“Stonehill College informed us that it did not begin awarding computer science degrees until 1983 – four years after Mr. Thompson graduated.”
But Yahoo! waves their hand in Loeb’s face. They didn’t even flinch at receiving the newfound information. They immediately defended their front man issuing this statement:
“Scott Thompson received a bachelor of science degree in business administration with a major in accounting from Stonehill college,” the spokesman said in an emailed statement. “There was an inadvertent error that stated Mr. Thompson also holds a degree in computer science.”
Now don’t you try this! Thompson is the owner’s cousin! Just kidding! Read more here.