Yahoo! CEO Scott Thompson Issues Apology To Employees
After several days, Yahoo! CEO Scott Thompson has issued an apology to employees over the inaccurate information in his resume. The inaccurate information has been on his bio since he worked for eBay in 2004 and it was copied and pasted over to his bio at Yahoo! Thompson’s bio said that he had a degree in Computer Science and Accounting from Stonehill College, but he actually only has an Accounting degree from there. Yahoo! shareholder activist and founder of Third Point Dan Loeb discovered the discrepancy and issued a letter to have Thompson’s resume investigated. Below is the letter from Thompson:
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
I wanted to share some additional thoughts with you related to the disclosure of my academic credentials.
As I told you on Friday, the board is reviewing the issue and I will provide whatever they need from me. In the meantime, I want you to know how deeply I regret how this issue has affected the company and all of you. 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.
In my note Friday, I said I would be focused on continuing to do what needs to get done. That’s because I feel I owe it to all of you to make sure that nothing disrupts the progress we’ve made in just a few short months due to all of your focus, commitment, and hard work. As you’ve heard me say many times, we have a tremendous business with incredible assets, and we can win by putting our customers first. The progress I shared with you in the first quarter should make clear that we intend to move fast and deliver on the potential of the business for our customers, shareholders, and all of you.
I know the board plans to conduct the review thoroughly and independently, and I respect that process. I am hopeful that this matter will be concluded promptly. But, in the meantime, we have a lot of work to do. We need to continue to act as one team to fulfill the potential of this great company and keep moving forward. You have my word that all my energy and attention will be on that mission.