Yahoo confirms misleading info on new CEO's resume

[Newsjock]

Source: Associated Press

A disgruntled Yahoo shareholder questioned the qualifications and integrity of recently hired CEO Scott Thompson after exposing a misrepresentation about the executive's education.

The fabrication confirmed Thursday by Yahoo Inc. gives New York hedge fund manager Daniel Loeb more artillery as he tries to topple a board of directors favored by Thompson, who became CEO of the troubled Internet company four months ago.

Loeb, whose fund Third Point owns a 5.8 percent stake in Yahoo, gained more leverage when he discovered Thompson doesn't have a bachelor's degree in computer science from a small college in Easton, Mass., as Yahoo stated in a regulatory filing last week.

Thompson only has an accounting degree from Stonehill College, an accomplishment that Yahoo also listed in the filing. The accounting degree was the only one listed in Thompson's resume last year by eBay Inc. when he was still running that company's PayPal payment service. He graduated in 1979, according to Stonehill's website.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/05/03/financial/f154944D59.DTL&tsp=1

[Edweird]

1. I wondered what he was up to after 'The Kids In The Hall'.

[harmonicon]

2. You beat me to it.

I was going to take a different angle... maybe mention something about him clearly being in a costume, etc. In any case, good job - first response as well.

[LittleGirl]

3. Never Lie on Your Resume - Ever

I saw a colleague of mine that was being interviewed for a permanent position where we worked. We were both contractors back in 2000. She lied that she had a bachelor degree but the background check didn't verify that and she was dismissed immediately. We were IT contractors and resumes can be verified easily. Just don't do it.

[shcrane71]

4. It doesn't look like it's going to affect his position.

Seems he'll be keeping his job.