Yahoo CEO in hot water over tech qualifications

Yahoo CEO Scott Thompson, former president of PayPal, is facing allegations that he lied about his tech credentials to make himself appear more qualified for the job.

Hedge fund manager Daniel Loeb is furious that Yahoo CEO Scott Thompson, former president of PayPal, doesn’t have a bachelor’s degree in computer science from Stonehill College near Boston as he claimed. Apparently Thompson has a degree in accounting.

He dashed off a letter to Yahoo’s board of directors claiming that Thompson must have told porkies to get the job.

After all, turning around PayPal is not going to get you a job – while a BSc in computer science is just about everything a board wants in a CEO.

Yahoo confirmed Loeb’s findings, but the company attributed the misinformation to an “inadvertent error”.

Thompson received a bachelor of science degree in business administration with a major in accounting from Stonehill college. the spokesperson said in a statement to Reuters. There was an inadvertent error that stated Thompson also holds a degree in computer science, the spokesperson added.

Loeb wants to shake up Yahoo’s board so he can help come up with a strategy to boost the company’s long-slumping stock price. The board has to listen to him a little bit because he controls a 5.8 percent stake in Yahoo through a company called Third Point.