Yahoo CEO Wrongly Claimed To Have Degree In Computer Science
jmcbain writes "Scott Thompson, Yahoo!'s CEO who was hired on January 4 of this year, was found to have lied about his CS degree from Stone Hill College. Investigation from an activist shareholder revealed that his degree was actually in accounting, and apparently Thompson had been going with this lie since the time he served as president of PayPal's payments unit."
Yahoo needs an accounting CEO more than a cs one lately.
If you mod me down the terrorists will have won
Pathological disregard for others makes a more ruthless and efficient leader, isn't that what shareholders want?
In other words, he's a really really good accountant.
Was he able to do the job well? Does it REALLY matter? If he got away with it that long I say good for him, if his employers aren't smart enough or care enough to verify they weren't really that concerned about his credentials.
Now that everyone realizes he's not an IT guy, he'll probably ask for a raise.
"Investigation from an activist shareholder revealed that his degree was actually in accounting" Back when I worked for Disney we called Eisner that guy from accounting, it's actually a Berke Breathed quote we borrowed. It's amazing how many of these supposed CEOs are glorified accountants. Kind of explains the whole lack of imagination in big business.
Or focus? People (and employers) are more interested in how well a cv sells than how accurate it is.
or something like that? Kind of how most business graduates consider themselves "competent managers"?
...would be like the Nazi's Synagogue Construction Unit.
I don't think this is surprising news.
'We are trying to prove ourselves wrong as quickly as possible, because only in that way can we find progress.' RPF
If you can get to the top ranks of a tech company without a CS degree, it's almost like a big FU to all of us that do hold CS degrees. I've always was kind of awed by people I work with that understand everything I do about technology and even CS concepts but don't have a degree. It's humbling and enlightening. Despite being 10x harder, a BSCS is kind of treated like a liberal arts degree these days. It's something to be personally proud of, but it seems to hold no real weight on ones resume. At least, that's how it seems.
So, IMO that makes it an even bigger red flag when someone claims to have such a degree when they don't. It speaks to me of true cluelessness.
Unless, of course, you're a politician, CEO or other Important Person. Then you can pretty much get away with it with little more than a slap on the wrist and a tsk-tsk from the media.
LOL, you dropped out of university.
A quick Google search would have exposed his charade a long time ago.
If he were labor, HR would have sent security to escort him out of the building before this even got to press.
That must be one hell of a golden parachute he's packing.
He'll still get a golden parachute.
Peter Ransome, one of the principals at Active Data Services in Durham NC used to lie
and claim he had an MBA when he did not.
I went to school with the asshole, and lying was something he did a lot, but he certainly
never got an MBA.
Why do CEO's in this country think they are above everyone else, demanding excessive compensation and feel they can prevaricate with impunity when it suits their purposes?
It will be interesting what this does to stock prices with regards to investors confidence in grads vs. non-grads who have done well.
For those looking for work in the IT field who have less than stellar backgrounds.
Look here. Make up some stuff, put it on your resume and apply to Yahoo. Obviously they don't check, and if you're found out after you're hired they won't even mind! In fact, they'll make excuses for you.
I asked my son if he broke the neighbor's window, he "wrongly claimed" that he didn't.
My boss asked me if I was coming in to work today and I "wrongly claimed" I was ill.
"Sweetheart, I am not "wrongly claiming" when I told you I never slept with your sister. It was an "inadvertent error" ..I *LIKE* this !
this is true, the company my brother works for prefers college over uni, the uni students they do hire apparently have no real understanding of what to do or why they spent the last 4 years or so in school, and in some cases so bent on the fact that what they know is right, even when its not, that they are in a lot of cases harder to work with, they also demand more money right out of the box.
Swift describes them as, filthy and with unpleasant habits, resembling human beings far too closely for the liking of protagonist Lemuel Gulliver
He didn't "wrongly claim". He lied.
LOL, YOU wasted 40k on a piece of paper.
I've NEVER been to uni...
Oh fer crissake...
The man lied. Nothing more to it than that
"wrongly claimed"... give me a break.
File under 'M' for 'Manic ranting'
Major Uh Oh!
Thompson has claimed this for more than a decade!
And the Yahoo Board Member who managed the vetting also has an "anomaly" in regards to "scholastic achievement", perhaps not now least of which is a question of corporate achievement.
So, the investigation now moves swiftly to the other Yahoo Board members and the operating officers: what are their anomalous scholastic and corporate achievements!
'Fed eyes' are upon Yahoo.
PS
IRS accountants spot an 'anomaly', and report to FCC and DoJ.
Lordy O' Lordy (LOL).
That link should be blocked by slashdot and people who post it are lame.
Yahoo positions itself as the "Business Intelligence, Data Analytics company." The idea is that companies need to pay close attention to the sea of data in front of it because there are facts hidden in there which can have material effects on the company's future revenues, earnings, and even viability.
Their CEO got his position by lying on his resume about his degree to land a top position at PayPal, then used that background to get hired at Yahoo. That reflects not only on his technical qualifications, which admittedly could change over time, but on his character and integrity, which *does not*. Evidently the board and/or HR dept at neither company even bothered to pick up the phone to call the college, or if they did, they were easily pacified by a slick explanation by the candidate ("their system probably only has room to store one degree, but I did get two").
And now the company is saying that this kind of thing doesn't matter? Maybe only data which can be generated by sophisticated learning algorithms or computing clusters is worth acting upon.
Perhaps Yahoo! should have googled Scott Thomson's name. Oh, wait...
Someone who worked at PayPay lied? I'm shocked!
I'm an American. I love this country and the freedoms that we used to have.
He lied to get a job, didn't get caught. It was so long ago that he first lied that it has no effect on his current competancy. His track records as a CEO far exceed his initial education.
Competant people often have to fake credentials to get decent jobs. Good managers recognize that an employee who has shown competency is worth more then the sum of his credentials.
I say fire him immediately. Having someone at the top who egregiously lied for so long sets the tone for the whole company. That's not how you want to do business, so that's not who you want as your leader.
It was the sound of the class action lawsuit by everyone who was ever fired by Yahoo! for falsifying credentials when applying for work there. If the CEO does it, and gets to keep his job....
This brings back memories of the controversy with regard to Cringely (pen name) having a Ph.D. from Stanford. Some of us old-timers might remember that this is a topic of great discussion here.
It's just Yahoo; nobody gives a fuck about them anymore.
The headline makes it sound like he was mistaken. It's fraud.
No, it's fraud. Thanks for cheapening my already grossly overpriced education.
Me neither, and I had a 20 year IT career without it. I was a Sybase Database Administrator with 8 years experience when a contract ended in 2008 (bad time to enter the job market.) Been mostly out of work ever since; I apply, and typically they do not respond at all. The few interviews I have had, they all said, "you were great, we loved you, and we went with someone else." One recruiter told me point-blank that it was because I don't have a degree listed on my resume; he told me that most people aren't even going to consider it. That sounds ridiculous but it does match my experience that the vast majority of companies I apply to never even contact me for an interview. By 2009, the very fact of the employment gap was also being used against me. I will probably never work in that field again.
So I used to think like you do, that degrees were worthless. Now I am not so sure.
That's all I have to say.
Does this mean degrees in computer science are worthless?
Tech Jobs needs taring / vocational / tech schools / on the job.
That proves certain learning capability a long with real tech skills. CS for most tech jobs is to long with lot's of classes that are off base for most tech work + all the other non tech class filler and fluff that comes with college.
I guess when I was 14, those stories impressed me as well.
There are lot's stories of people with A ba or higher in CS coming on the job with no idea on how to do tech work. Now why can't people think the same way about tech schools and community colleges?
But tech schools and on the job learning are better for people with disabilities and saying BA needed may be barking the law.
There are people with disabilities who can do the job and who can take on line / tech school classes but are not cut for classes in a fashioned college setting and not hiring them just because they don't have a BA is discrimination.
doctors are not the same as IT work and they have med school and residency.
For IT you can cut the 4 year college replace med school with a mixed tech school / vocational with real jobs skills plan.
Do you really want IT guys to have 6+ years in the class room and have to pay them A lot to pay off 100K+ loans??
Wow, you thought you were a chump already. You probably feel that much more chumpy. Chumpy? Perfectly cromulent.
more like any degrees is unless if you can do the job or learn it on your own or take NON degree classes.
CS from 1975 has of lots obsolete things in it any ways so may this is a sing that TECH Needs a some kind of way to say I have on going education with out it just being masters , PHD.
under the badges systems he should have equivalence by doing the real work.
What exactly does your degree prove?
No brain, no pain.
Telling the truth on my resume! No wonder I'm not making the big bucks...
So Third Point who owns 6% used a "Google search" to find this information?
Second paragragh of the letter from Third Point to the Yahoo board of directors:
"A rudimentary Google search reveals a Stonehill College alumni announcement stating that Mr.Thompson’s degree is in accounting only."
If Dan Loeb/Third Point were so concerned with the success of Yahoo! maybe they should start using it!
Yet for a CEO function I'd expect a bit more of background checks being done.
So, what about the background of the current US CEO?
Yet for a CEO function I'd expect a bit more of background checks being done.
Pfft, some are still quibbling over his birth certificate.
He more just stretched the truth... I mean at least he has a degree ;)
i mean anyone can pick up a book and start coding -- but how many people can pick up a book and manage the $$
Failure for Yahoo's board to terminate his employment with cause for fraud would be a clear indication of corruption at the highest levels in the organization.
I would not be surprised if he were to stay. That's just how those people think. It's basically the good 'ol boy system in the modern day.
I think you mean dick...
Nah, OP probably meant a naked short seller.
http://www.deepcapture.com/introduction-to-the-deep-capture-analysis/
Zis is humiliating. Couldn't he at least have plagiarized his thesis?
So the "degree" held by the company's head is really irrelevant. It doesn't matter much. Yahoo is another company that will slowly wither away, get sold off piecemeal or picked up as a penny stock by Apple, or whomever... tech fortunes are like tech itself, fast-paced, fast-evolving, quick to skyrocket to success, and quick to become the next myspace.
Computer Science for what? These are positions where the person is not "working" anymore. This is the "owning class". Most of the decisions are "calculated" or decided by the the guys under him. They are "workers", i.e. thinking/working class. The higher you go in the ladder the less actual work you are doing: you have strong support network supporting you and you can "consult".
I'm shocked, SHOCKED to hear that the 1% habitually lie, cheat and act unethically to get ahead.
SAY IT AIN'T SO.
"Could just anyone off the street run a Fortune 500 company well or even just capably?"
Yes.
In fact, you'd be better of in either case doing away with the post ENTIRELY. You can run (*maybe* less efficiently, but still run) with a 0% quota of C*O posts filled.
Try doing that with 0% quota of workers.
You prick.
It is always assumed that job applicants pack "white lies" and exaggerations into their resume and job applications. Why would executive positions be any different?
Of course, if you or I get caught in the lie we get immediately fired while executives (and politicians) hold press conferences and say "I'm so sorry" and are able to continue with their same jobs even though they are now way less qualified for said jobs.
Because one attribute you DO NOT want in your CEO is a liar.
Unless you're that CEO.
There are stories in every field like that. An aerospace engineer was talking to one of my classes and said that he knew aerospace engineering when he graduated. When he got to work he spent the first 2 years learning real aerospace engineering because what he thought he knew wasn't good enough for the real world.
How can we be sure he won't cook the books like the Eron folks did? Let's tar and feather him!
I would have said that I had a PhD in CS and was the l33t king hacker of the world, and then when they found out I was lying I'd say "joke's on you, SUCKERS!" and retire on whatever CEO's pay I had acquired.
"When information is power, privacy is freedom" - Jah-Wren Ryel
This lie by Scott Thompson is pretty minor compared to the lies told by Joe Biden about his academic credentials:
http://en.wikipedia.org/wiki/Joe_Biden_presidential_campaign,_1988#Academic_revelations
He is also the CEO who authorized a scorched earth patent war on FaceBook. Someone with a better technical background should know how silly that is. Someone with a better legal background should also know the implications. An accountant? The anecdotal evidence so far does not look promising.
Sounds as if they are perfect for each other.
Just goes to show you the value of a CS degree right down there with English and Sociology degrees...
The degree started off simply as a tool to get your feet in the door of a company. Now days many think that you must be functionally retarded if you don't have one, which is just foolish: After you've got the work experience, degrees don't mean shit. If you can get the work experience without the degree, you can make it thru your career without that stupid piece of paper.
So this is a whole bunch of thunder signifying nothing. Sure, probably shouldn't have lied about it, but of all the destructive corporate lies I've heard, the wrong degree is way under the threshhold of "Oh Noes!"
We have better things to worry about. This is a stupid distraction.
It blows my mind how the most insightful post in the entire discussion is a 1, but immediately below it, some ignoramus screaming "FIRE HIM IMMEDIATELY!!1" is modded up to 5, Insightful.
I must be new around here.
I would say that I MEANT to say that I "have a degree in accounting or computer science", making me qualified to hold this position. However, I didnt want people to be thinking I'm claiming BOTH, and since xor is not an English word you can use with investors, I wanted to emend that to "I have a degree in accounting or computer science and (not (a degree in accounting and a degree in computer science))". This being Yahoo and not Google, obviously I wasn't too rigorous about the logical arithmetic, I didn't want want to put all sorts of hairy equations into the filing, so I just reduced it to something that could be misconstrued but basically serves the purpose. After all, I'm an accountant, not a computer scientist.
We needed further evidence that leadership at the top of ANY organization has no integrity whatsoever.
erm. What's "taring"?
http://www.thefreedictionary.com/Taring isn't helping me much on this one.
Anyway, CEO isn't a tech job.
That he can go around correcting the typical usage of a tool using reference books that are dated efforts to recognize the current typical usage of said tool.
Grammar Nazi's crack me up. Language is a communications tool. Whether you are using a language correctly is only metered by your success in communicating meaning to others. Attempts at reference for language are just guidelines try to help with that end.
CS degrees are useless BS anyway. If you want to learn something take mathmatics instead.
he should have askedJeeves to provide a fake.
I have seen this for the better part of 25 years. The guy was somebody's friend on the board and he had to "enhance" his resume so the rest of the board would vote him in. Is it fraud? Yes. Is is "accepted practice?" Yes. Just don't ask for a birth certificate!
Slashdot totally needs a new mod "Other: Fill in _____"
This is +1 Buddhist!
My first Journal Entry ever, in 8 years! http://slashdot.org/journal/365947/aphelion-scifi-fantasy-horror-poetry-webzine
Looks like another case of the MBA (Missing Brain Affliction).
When profits are down, investors don't ask the worker, they don't fire the worker, they look at the leadership team.
...and ask them, "What are you doing to reduce costs?" To which the "leadership team" invariably answers, "Well, of course we're looking to improve efficiency wherever we can, particularly by rightsizing and right-shoring across the organization." The usual result: the leadership team continues on, possibly accepting a small cut in their bonuses as a "show of good faith", and the teams doing the actual work get butchered.
And when the house of cards finally does collapse, it seems that those top-level execs quickly land new top-level positions, while the workers struggle to find a position paying a reasonable fraction of their previous salary before their unemployment benefits run out.
No, I don't claim to know how it is across the entire economy, but that's what I've seen at a number of start-ups and large companies. At none of those companies have I seen the top-level execs fall without a large number of "workers", if not the entire company, going first.
It's Stonehill College - not Stone Hill.
From: http://www.valueyahoo.com/resources/pov/third-point-latest-letter-to-yahoo
The Company’s Preliminary Proxy Statement filed on April 27, 2012 (at page 22) states that the “minimum qualification for service as a director of the Company are that a nominee possess. . . an impeccable reputation of integrity and competence in his or her personal and professional activities.”
Lying on an SEC document is more serious than run-of-the-mill resume puffery. The time to clean up any inadvertence or carelessness is before filing sworn documents.
Investors deserve complete candor from CEOs. The degree he received in 1979 is not important; lying about it in 2012 is.
Inflated resumes are indeed common among Silicon Valley cubicle slaves, but Thompson should be held to a higher standard. That, as they say, is why he gets the big bucks.
True that.
As a hiring manager, I use paper qualifications as my secondary screening criteria (after spelling). It is by far not the only criteria I use, but it does help widdle 60 resumes down to 10 in a hurry.
I know there is an error rate. I know I am dismissing some truly gifted, qualified people based on superficial judgements.
I also know that it is objectively not possible (for me) to reliably distinguish a qualified software developer among hacks based on a resume screening and two interviews.
So I use whatever indicators are available to me, in effect playing the odds (with some rate of success).
If anyone needs to beef up their resume, Japanorama is giving away Ph.D. diplomas at http://www.japanorama.com/images/diploma.gif
he could have claimed to have an it degree