Yahoo CEO apologizes for bogus college degree but won’t resign
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.
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.
Recent Stories:Marines reinforce disputed shoal 2 mins elapsed Tropical Strom ‘Emong’ out of PH, but rains to persist 30 mins elapsed Senators seek probe of scandal 59 mins elapsed Rizal concept album still rocking, rolling along 2 hours elapsed Gov’t to fix flooding in Metro by yearend 3 hours elapsed 3 cops hurt as PNP chopper crashes in Kalinga 3 hours elapsed Almazan’s transformation, Nambatac’s play key for Letran 4 hours elapsed ‘Motel skipper’ finally caught in Makati; wants to settle estafa cases 5 hours elapsed