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Thompson Resigns as CEO of Yahoo

Wall Street Journal (05/14/12) Amir Efrati; Joann S. Lublin

Yahoo Inc.’s chief executive has resigned over a misstated academic record. Heidrick & Struggles International provided the company’s board with data that appeared to indicate Scott Thompson years ago knowingly claimed to have a computer-science degree that he did not actually possess. Thompson had claimed that a Heidrick & Struggles employee had altered his biographical material, which the executive-search firm swiftly denied. “Based on information in our possession, this allegation is verifiably not true and we have notified Yahoo to that effect,” L. Kevin Kelly, Heidrick’s chief executive officer, stated in a strongly worded letter to employees late Friday denying Thompson’s allegations.