Tuesday, May 15, 2012

Yahoo! CEO steps down after resume scandal

Yahoo! CEO steps down after resume scandal

Yahoo. has confirmed that CEO Scott Thompson is to step down. The news comes after an error that claimed Thompson had a degree in computer science when in fact he did not. The mistake was first spotted by Dan Loeb, who is CEO and founder of New York hedge fund Third Point, which owns nearly 6 percent of Yahoo! common stock. Loeb stated in a public letter that Thompson's bios on both Yahoo! and eBay claimed he had a degree in computer science and accounting from Stonehill College. However, Stonehill College didn't actually offer computer science degrees until four years after Thompson graduated.

2DayBlog.com, Yahoo! CEO steps down after resume scandal

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