The LA Times reports that Yahoo’s Chief Executive Officer “Scott Thompson resigned from the digital media company Sunday after a dissident shareholder called attention to his apparent misrepresentation of his college credentials.” 2
Ross Levinsohn, a former executive of vice president with the company will temporary step in to fill the vacancy. CBS News claims that “The struggling Internet company had hoped that Thompson, who became CEO in January, would turn things around. But he now becomes the fourth CEO to leave Yahoo in five years.” here is what CBS News reported about the actual misleading information. “Thompson had padded his resume with a degree in computer science from Stonehill College. Thompson did earn an accounting degree from Stonehill, a Catholic school near Boston, in 1979, a fact that Yahoo correctly lists. But he did not earn a computer science degree.” 1
This story has hit headlines across the country and is another example of how proper screening during the initial hire is very important. From Yahoo’s standpoint catching this information flaw early in the hire would have proved very valuable.
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1. incent, Roger. LA Times, 14/05/2012. Web. 16 May 2012. <http://articles.latimes.com/2012/may/14/business/la-fi-yahoo-thompson-resigns-20120514>.
2. “http://www.cbsnews.com/8301-500395_162-57433371/yahoo-ceo-steps-down-after-resume-flap/.” . Associated Press, 13/05/2012. Web. 16 May 2012.