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Yahoo CEO apologizes to employees
Tuesday, May 08, 2012
The CEO of Yahoo recently apologized to company employees and shareholders for some misinformation found on his resume.
According to CNNMoney, Yahoo CEO Scott Thompson told employees that he is sorry for the distraction that his resume padding has caused. A separate report from CNNMoney maintained that Thompson was outed by shareholder firm Third Point for lying about his college degree.
"I want you to know how deeply I regret how this issue has affected the company and all of you," Thompson said in a memo obtained by CNN. "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."
Thompson's published biographies maintain that he carries a bachelor's degree in computer science and accounting from Stonehill College, but he only holds a degree in accounting, the news source stated.
Yahoo has been under fire recently from its shareholders, as the company continues to restructure its operations and may eliminate jobs in the process.
Investors interested in how Yahoo's stock is affected by this news can go online and learn more as well as take part in online stock trading.
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