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Yahoo CEO apologizes for bogus college degree but won’t resign

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11:18 AM May 8th, 2012

May 8th, 2012 11:18 AM

SAN FRANCISCO — Yahoo CEO Scott Thompson says he’s sorry for allowing an inaccuracy about his education to appear in his official bio, but not remorseful enough to heed calls for his resignation.

Yahoo CEO Scott Thompson. AP FILE PHOTO

In a memo sent Monday to the troubled Internet company’s employees, Thompson apologized for the uproar caused by the misinformation. Yahoo Inc. provided a copy of the memo to The Associated Press.

The memo didn’t offer any explanation why Thompson’s bio has periodically listed a bachelor’s degree in computer science that he never received.

Thompson’s note of contrition came on the same day that an activist hedge fund that owns a 5.8 stake in Yahoo escalated its effort to oust the CEO for unethical conduct.

Yahoo’s board is investigating the circumstances that led to the exaggeration about Thompson’s education.

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