CEO of Yahoo, Scott Thompson, has made an official apology over an "inaccuracy" in his biography which was brought to light at the end of last week.
Thompson's bio said he had a computer science degree from Boston's Stonehill College, when in fact he had a Bachelor's of Science in Business Administration (Accounting). Indeed, Stonehill didn't offer computer science degrees until four years after Thompson graduated.
Thompson has now said he's sorry for the mistake in a memo sent around to Yahoo staff yesterday, although it didn't explain how the error was made. The CEO is also unmoved by calls for his resignation.
In the memo, he wrote: "We have all been working very hard to move the company forward, and this has had the opposite effect. For that, I take full responsibility, and I want to apologize to you."
Hedge fund Third Point LLC initially brought the faux-pas to light, and has now made a legal demand for the issue to be fully investigated via a review of internal company documents. The fund wants to know exactly how thorough Yahoo's background checks were before hiring Thompson at the start of the year, and quite rightly so.
Source: Daily Mail