Vultures in the tech blogosphere are circling over Yahoo CEO Scott Thompson after he was called out by a disgruntled shareholder for lying on his resume and calling for an independent investigation to determine if Thompson should remain in his post.
Daniel Loeb, whose fund Third Point owns a 5.8 percent stake in Yahoo, pointed out that Thompson claims he has a bachelor’s degree in computer science, when in fact he graduated with a degree in accounting. In a letter to Yahoo’s board, Loeb wrote, “If Mr. Thompson embellished his academic credentials we think that it … undermines his credibility as a technology expert.”
Yahoo, which hired Thompson from PayPal in January to help reverse its years-long financial slump, called the resume padding “an inadvertent error” but later said it will review the matter and report back to shareholders. Which may or may not be the trigger for a Scott Thompson CEO deathwatch.
