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Inadvertent error in CEO's resume: Yahoo
Tuesday May 08, 2012 11:03:37 AM,
IANS
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San
Francisco: Yahoo has confirmed a shareholder's
allegation that its chief executive officer (CEO) Scott Thompson
did not have a computer science degree as claimed, saying that it
is "an inadvertent error".
"Scott Thompson's degree at Stonehill College was in bachelor
science in accounting. There was an inadvertent error that stated
Thompson also holds a degree in computer science," said Yahoo in a
statement to technology news site AllThingsD.
"This, in no way, alters that fact that Thompson is a highly
qualified executive with a successful track record leading large
consumer technology companies," said Yahoo.
Thompson has been under fire after Yahoo shareholder Dan Loeb
alleged that Thompson does not have a computer science degree from
Stonehill College as claimed in bios from his job at eBay to the
current Yahoo position, as well as in regulatory filings to the US
Securities and Exchange Commission, reported Xinhua.
According to Loeb, he was informed by Stonehill College that
Thompson only graduated with a degree in accounting and the school
did not begin awarding computer science degrees until 1983, four
years after Thompson graduated.
"If 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. Now more than ever
Yahoo investors need a trustworthy CEO," said Loeb in a letter to
Yahoo's board of directors.
Loeb, managing partner of hedge fund Third Point which has a 5.8
percent stake in Yahoo, is currently in a proxy fight with Yahoo
board, trying to fire some directors and install new ones.
Loeb wants to be a new board member, but Yahoo Wednesday said in a
letter to shareholders that Loeb will not be given a seat.
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