Tuesday, May 28, 2024

Yahoo CEO Accused of Padding Resume, Probe Launched

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The Washington Post: In his company bio and filings with the SEC, Yahoo CEO Scott Thompson claims to have degrees in both computer science and accounting. The problem is, he never actually got the degree in computer science.

Yahoo investor Dan Loeb, whose company owns 5.8 percent of Yahoo shares, wrote a letter to the company board calling attention to the discrepancy. “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,” he wrote. “[In] the event that there is no good explanation, we expect the Board to take immediate action.”

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