Yahoo has started a probe about the academic credentials of its newly seated CEO Scott Thompson after allegations of CV fabrication.
According to Reuters, Dan Loeb, founder and chief executive of Third Point, Thompson “padded out” his claim of holding degrees in accounting and computer science from Stonehill College near Boston.
Loeb added that Thompson “embellished his academic credentials” as he only received a bachelor’s degree in accounting and never in computer science. Loeb’s hedge fund owns 5.81 percent of Yahoo shares and currently aims to gain more seats on the company’s board.
A Yahoo representative said that the discrepancy was accidental and “Scott Thompson’s degree at Stonehill College was in bachelor science in accounting.”
“There was an inadvertent error that stated Thompson also holds a degree in computer science,” the company explained.
“This, in no way, alters that fact that Mr. Thompson is a highly qualified executive with a successful track record leading large consumer technology companies,” it added.
Last month, Yahoo reported its first growth in three years, which reflects Thompson’s competency and experience in the field.
During the company’s first quarter earnings call, Thomson announced that the online search pioneer’s net income increased 28 percent to $286 million, or equivalent to 23 cents per share, which effectively beat Wall Street expectations of 17 cents per share.