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

A+
A
A-

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.

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • Russell Ariola

    Aba! Katropa ni Thief Ju$tice to ah. Parehong mey Fake credentials! Hahahaaha!!

  • http://profile.yahoo.com/6PL6MTGJSGMGZ3FMIKNVMPGEL4 John

    tell thompson to post his supoort at acquitcj dot com. kapalan na lang total nasa tuktuk naman na eh. sayang ang perks and legacy!

  • kwanrungchung

    Scott Thompson, previous President of PayPal, received the Ernst and Young Entrepreneur of the Year Award for Northern California in 2011 for Financial Services. 

    As CEO of Yahoo, he is expected to secure a significant profit for the stockholders of Yahoo. Though a degree in computer science MAY be of help in the performance of his duties, it is his financial savvy that will be of utmost importance. The questions therefore are whether they think he is up to the task to achieve the primary goal set forth for a CEO and of course, if the stockholders believe that they have hired the best man for the job. 

    The person’s scruples takes somewhat a backseat, albeit not totally, to the question of performance.

    • rizalista

       yeah, let’s allow drug dealers to marry our daughters, as long as they help improve the family’s financial situation.

      • kwanrungchung

        I find your response amusing.
        The criteria for a husband for your daughter seems to be the same as for a CEO running your multibillion company? And it appears that CEO’s of a company you are affiliated with is one step from marrying your daughter?–I could not fathom the  comparison. Or — does this mean drug dealing is similar to curriculum vitae padding?
        Manny Pangilinan was found to have “plagiarized” the speeches of some luminaries in the past. He has apologized for one given to the Ateneo. Though I believe sincerely that such an act should be looked down upon, are you willing to tell me that you, as a stockholder, would campaign for his removal despite evidence pointing to a solid performance as CEO? 
        Please be reminded that the value of the degree in computer science is questionable at best nor is it a requisite for running a company. 
        Let me turn the tables of logic around. If this was your family driver and you found he was not actually a high school graduate to begin with–a degree which you found advantageous in a minor employee, would you remove him from your employ even  though you have found him to be loyal and adequate (and probably exemplary) in the performance of his duties?
        I do not for any moment expect that all readers of the comment above would agree with me. However, the foundations of one’s conclusions should be based on logic and good reasoning.
        If your comment was meant to underline the fact that certain occupations REQUIRE a magnanimous amount of honesty, I will have to agree.

  • http://profile.yahoo.com/IS6KI2U7EDZS6D2Q7MZ3Z6CAME Lila

    if he’s lying.. is there more to trust this guy to make bigger decisions for the company? expect the worst..

  • Barak_O

    impeach this guy

    doesn’t know no computer science eh

    • WeAry_Bat

       i was hoping you would have posted about a certain person having a dubiously ‘earned’ degree  :D

      • Russell Ariola

        Sino? Si Thief Ju$tice Renato Corona? Peke naman talaga yung mga credentials nya. Pero huwag mong ipost yung pangalan nya dahil ihahabla ka raw ng Libel sabi nung troll nya. Hahaa!

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94

editors' picks

advertisement
advertisement