Yahoo! CEO Scott Thompson officially quits

A scandal surrounding the qualifications that Yahoo! CEO, Scott Thompson held resulted in an official step down. The scandal revolved around the CEO's college degree. Thompson claimed that he received a degree in accounting and computer science from Stonehill college in 1978. While he did receive the accounting degree, Stonehill confirmed it, the college claimed that a computer science program did not begin until 1983. That is 5 years after the CEO graduated. The error was brought to light by Yahoo! activist invester, Dan Loeb, who also discovered that Director Patti Hart misrepresented her college degree as well. She said she got a degree in marketing and economics from Illinois State University, however, what she really got was a degree in business administration. Click here for full story