It's being called ResumeGate. Yahoo Chief Executive Scott Thompson never earned a degree in computer science despite having the credential listed in his official biography and regulatory filings. The revelation comes via activist shareholder Dan Loeb, who has been waging a war to gain influence over the struggling company.
It's unclear just how damaged Thompson is by this scandal. Lying about your education history is a fireable offense, but so far it hasn't been proved that Thompson is responsible for the misrepresentation. Yahoo says it was an "inadvertent error" but doesn't say whose error it was.
It has been shown, though, that Thompson has failed to correct the error. In a 2009 interview, he neglected to correct an interviewer who cited his computer science and accounting degrees. Thompson has just an accounting degree from Stonehill College in Massachusetts. The Yahoo board of directors is reportedly "deeply concerned" about this mishap and is now reviewing the matter.
Pundits and some ethics experts are now calling for Thompson's resignation. "I wouldn't even take a phone call from that guy at this point," says blogger and venture capitalist Michael Arrington. "This is conduct unbecoming of a public company CEO, or anyone else who wants to be taken seriously." (AllThingsD)
Attention military veterans: General Electric wants to hire 1,000 of you this year. Technical and maintenance experience is a plus.
New Member (FINS via Dow Jones)
Microsoft is adding Stephen J. Luczo, the chairman and chief executive of hard-drive maker Seagate Technology PLC, to its board of directors.
Get Paid (TechCrunch)
Facebook has revealed that it will seek a $96 billion valuation in its IPO. Zynga Chief Executive Mark Pincus is selling $35 million worth of his own shares of the company and venture capitalist Peter Thiel is selling $271 million.
Got Away (WSJ)
Eduardo Saverin, the Facebook co-founder, is living the high life in Singapore. It's a relatively quiet existence for the 30-year-old. He spends his time lounging in night clubs with models and driving a Bentley.
New Office (Mashable)
EBay is setting up shop in New York. The online retailer will employ up to 200 New Yorkers over the next few years, including members of the Hunch team, which was acquired late last year.
Make Money Money (Bloomberg)
LinkedIn continued to outperform expectations in its most recent quarter. The company made $5 million in profit from $188.5 million in revenue while adding 11 million members.
Industry (CBS News)
Nanotechnology has created 13,000 jobs in New York state. That number could double over the next five years.
Buzz Around the Office
A kid in a striped hoodie is filmed playing, oblivious to the lion behind that's trying to take a chomp out of him.
List of the Day: Leaving Gracefully
You should always have your reputation in mind when you leave a job.
1. Tell your boss first and in person.
2. Offer to train your replacement.
3. Don't complain to HR when they ask why you're leaving.