Yahoo CEO's resume overstated his technology background

After a challenge from an activist shareholder, the company admitted Scott Thompson's degree is only in accounting

Yahoo acknowledged on Thursday that its new CEO, Scott Thompson, does not hold a degree in "accounting and computer science" as his resume and the company's financial filings claimed, and instead majored only in accounting.

In a statement, Yahoo acknowledged that Thompson majored in accounting at Stonehill College. It called the discrepancy "an inadvertent error."

The charges emerged in a letter that Daniel Loeb, an activist shareholder who leads the Third Point investment fund, wrote on Thursday to the Securities and Exchange Commission.

Loeb is campaigning to have Yahoo appoint candidates he has proposed, including himself, to its board of directors. Thompson, who joined the company in January and is endeavoring to lead it out of its performance doldrums, has proposed his own changes to the board.

Loeb charged that the diploma embellishment "undermines [Thompson's] credibility as a technology expert and reflects poorly on the character of the CEO who has been tasked with leading Yahoo! at this critical juncture."

Loeb's allegation came a day after Yahoo issued a letter to shareholders asking them to support the board candidates that the company's internal processes generated. Yahoo claimed in the letter that Loeb's candidates were not as qualified as its own, citing "a thorough and impartial search process."

Yahoo's statement offered continued support for Thompson.

The inaccurate resume "in no way alters that fact that Mr. Thompson is a highly qualified executive with a successful track record leading large consumer technology companies. Under Mr. Thompson's leadership, Yahoo! is moving forward to grow the company and drive shareholder value," the statement said.

Yahoo's profit rose in Thompson's first full quarter of leadership.

Cameron Scott covers search, web services and privacy for The IDG News Service. Follow Cameron on Twitter at CScott_IDG.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Cameron Scott

IDG News Service
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?