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.
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.
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