Falsifying anything on legal documents is never a good idea, but when you've been accused of falsifying your resume, it could come back to haunt you. Last week Yahoo's chief executive officer Scott Thompson was accused of adding a degree to his credentials and several board members are recommending that he should be fired. Thompson has denied any wrongdoing.
The issue came to light when Thompson's official biography was included in regulatory filings and incorrectly stated that he had earned accounting and computer science degrees from Stonehill College in Massachusetts. Thompson only has an accounting degree. This case will have to be sorted out by attorneys experienced in employment law.
Thompson has maintained that he did not add on the degree to his resume and that when he was hired a year ago, he never submitted a resume to the search committee.
Yahoo officials believe that Third Point, an activist hedge fund, is seeking to gain four seats on Yahoo's board, and that's why they are pushing this issue since they are the ones that unveiled the discrepancy in the first place.
Since this news broke, Yahoo has formed an independent committee to review how Thompson's credentials were missed on official company documents and how the incorrect information made it on his company biography. In some company documents his credentials are listed properly, while in others, it is not. It could be a simple error that no one caught until now.
While we don't know if Thompson will remain in his position, Third Point has issued a request of Yahoo's books and records relating to their search process to make sure that everything was done according to the board's recommendations.
Source: Deal Book, "Yahoo's Chief Said to Tell Executives He Did Not Submit a Resume," Michael J. De La Merced, May 10, 2012