Yahoo to look more closely into CEO's resume

In a case of, "Better late than never," Yahoo has announced it will now form a special committee that will look more closely into the academic credentials of its current CEO Scott Thompson. This news follows the reveal last week that Thompson did not obtain a computer science degree from Stonehill College, as his Yahoo bio previously stated.

In a statement, Yahoo said:

The special committee and the entire Board appreciate the urgency of the situation and the special committee will therefore conduct the review in an independent, thorough and expeditious manner. The Board intends to make the appropriate disclosures to shareholders promptly upon completion of the review.

The damage to both Yahoo and Thompson's reputation seem to be growing. Earlier this week, Thompson sent out a memo to Yahoo's employees. AllThingsD.com posted up the memo, where Thompson apologizes to Yahoo's team members for "how this issue has affected the company and all of you." However, that belated apology has done little to stem the tide of mistrust in terms of Yahoo's board and its decision making process.

The revelation of Thompson's true academic record was first announced by Dan Loeb of Third Point, Yahoo’s largest outside stock holder. He wants Yahoo's board to fire Thompson and also demanded the company release the records of how Thompson was vetted for the CEO job. Thompson was hired as CEO in January after previously holding the gig of President of PayPal, who also listed his incorrect computer science degree.

It's a good thing Yahoo! is finally taking a deep look at his resume, he is only running the company after-all. 

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13 Comments

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I'm not saying that he's doing the best job at Yahoo, but I don't understand why people care about someone's educational background if they are capable of leading a company or doing whatever their job may be. Plenty of stupid people with degrees, and some smart ones without it

THolman said,
I'm not saying that he's doing the best job at Yahoo, but I don't understand why people care about someone's educational background if they are capable of leading a company or doing whatever their job may be. Plenty of stupid people with degrees, and some smart ones without it
I think that's part of the point though. In this case, they're unhappy with what he's done or is doing.

THolman said,
I'm not saying that he's doing the best job at Yahoo, but I don't understand why people care about someone's educational background if they are capable of leading a company or doing whatever their job may be. Plenty of stupid people with degrees, and some smart ones without it

I would say that at least a small part, if not large part of the sentiment is based on the fact that most people would be fired on the spot if they were found to have lied on their resume. I've known people who have had to fire people because it was found that they lied on their resume, and that was the only thing those people did wrong.

So I think it's more of an outcry about a possible hypocrisy than anything else, especially with a "have-nots versus haves" mentality thrown on top.

Kreuger said,
I think that's part of the point though. In this case, they're unhappy with what he's done or is doing.

Yeah, I know, I just wanted to chime in about how much it annoys me when people get locked out of contributing to society because they don't have a piece of paper, while total idiots with tht piece of paper can screw everything up

Kreuger said,
I think that's part of the point though. In this case, they're unhappy with what he's done or is doing.

Yeah, I know, I just wanted to chime in about how much it annoys me when people get locked out of contributing to society because they don't have a piece of paper, while total idiots with tht piece of paper can screw everything up

THolman said,
I'm not saying that he's doing the best job at Yahoo, but I don't understand why people care about someone's educational background if they are capable of leading a company or doing whatever their job may be. Plenty of stupid people with degrees, and some smart ones without it

Thats not the point though. He lied about it.

THolman said,

Yeah, I know, I just wanted to chime in about how much it annoys me when people get locked out of contributing to society because they don't have a piece of paper, while total idiots with tht piece of paper can screw everything up

It is not just paper... As you see what 'the better twin' said...

If you put false info on resume that shows the interviewer or group of [company name] members that you lied on the resume...

Once you lied on resume, too bad, that you won't be able to get promoted to next level or get hired for that position.

Either that or you might have lot of mistakes or typos on the resume which makes them think that you did the terrible job on the resume.

THolman said,
I'm not saying that he's doing the best job at Yahoo, but I don't understand why people care about someone's educational background if they are capable of leading a company or doing whatever their job may be. Plenty of stupid people with degrees, and some smart ones without it

Thing is if you deliberately lie on paperwork you're not responsible to run ANY company let alone one as big as yahoo. It's not like they're talking about how he irresponsible looked after a goldfish when he was 5, something that has no relevance to running a company. This is a bloke who lies on paperwork. Even if he claims yahoo is doing well - how can you trust him and how can you trust his motives behind decisions?

He issued a memo that professed his "regret" of how it "affected the company". At no point did he actually apologise for the 'inaccuracy'. It's typical PR nonsense but it's pretty obvious that he lied and got caught out. It's also obvious that the Board failed to verify his resume, which is simply unacceptable for such a high profile company.

He should step down while he still has a shred of dignity, as dragging it out isn't going to do him any good.

His days are numbered! Why don't they cut the chase and do the deed?

Any person, I say any person, most of all a CEO should be fired straight away as soon as a discrepancy of such crucial nature is found. Period.

Mohitster said,
His days are numbered! Why don't they cut the chase and do the deed?

Any person, I say any person, most of all a CEO should be fired straight away as soon as a discrepancy of such crucial nature is found. Period.

Agree, though I think they'll just find some lame excuse, like his mum beat him when he was young so its not his fault and we should all feel sorry for him.

Mohitster said,
His days are numbered! Why don't they cut the chase and do the deed?

Any person, I say any person, most of all a CEO should be fired straight away as soon as a discrepancy of such crucial nature is found. Period.

It sounds like that is what they are doing? They probably just want to know all the facts before they do anything.