CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Yahoo says "inadvertent error" in CEO's resume

05-04-2012 08:42 BJT

SAN FRANCISCO, May 3 (Xinhua) -- Yahoo on Thursday 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 Mr. 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 Mr. 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 U. S. Securities and Exchange Commission.

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 Mr. 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 on Wednesday said in a letter to shareholders that Loeb will not be given a seat.

Editor:Wang Lingfei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program