Yahoo CEO accused of inflating resume
Sunnyvale, CA, United States (AHN) – It’s a tough job market out there, and Friday’s disappointing jobs report from the Labor Department was proof of how dire things are, and what lengths some people will go for a position
But news that Yahoo CEO Scott Thompson embellished his resume came as quite as surprise.
CNN reported Friday that during a proxy fight with the internet company, a disgruntled Yahoo investor charged that Thompson, who for years had been boasting about a degree in computer science and was brought in to help the struggling company turn around, actually holds a degree in accounting from Stonehill College, a small Roman Catholic college in Massachusetts.
The revelation came from activist shareholder firm Third Point and was sent in a irate letter to Yahoo’s board of directors.
After the letter was made public, Yahoo released a statement saying references to Thompson earning a computer science degree were an “inadvertent error.”
Third Point has a reputation for stirring the pot for shareholders and has been lobbying for four new Yahoo board members
Yahoo said they are reviewing the matter.
In morning trading Friday, shares of Yahoo were off nearly 2 percent at $15.12.