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New Yahoo CEO Scott Thompson resigned this weekend because his resume stated that he had a baccalaureate degree in computer science, rather than his actual major in business administration.Yahoo's now former CEO blames a staff member at a Silicon Valley recruiter for erroneously passing on the flawed bio that had been used at technology companies he headed.
The head of Yahoo is NOT the only chief executive officer to embellish his bio. Franchisor CEOs have been known to have similar problems.
In 2006, RadioShack Corp. Chief Executive David Edmondson resigned by "mutual agreement" after he admitted inflating his educational background. Mr. Edmondson acknowledged misstating his educational credentials from Pacific Coast Baptist College in California, saying he believed he received a ThG diploma—typically a certificate with fewer requirements than a bachelor's degree—and not a bachelor of science degree as he previously claimed. But the CEO also acknowledged he couldn't document the ThG diploma. Mr. Edmondson said in a statement at the time: "The board and I have agreed that it is in the best interest of the company for new leadership to step forward." — WSJ Blogs
You wouldn't doubt someone with a supposed degree in theology to be honest and fair, would you? Apparently, the board did. Edmondson was booted out.
James H. Amos, current chairman and CEO of Tasti D-Lite and former chairman of the International Franchise Association, has a bio on P&G FutureWorks that says Mr. Amos is "Chairman: Agile Pursuit Franchising, Inc. (Proctor & Gamble)." However, Ross Holthouse, external Relations Manager of P&G FutureWorks confirmed that Amos is not the chairman of Agile Pursuits but only the chairman of its franchise advisory board. He explains that Mr. Amos has never held a leadership position within any affiliated business of Proctor & Gamble or in P&G FutureWorks. "His role is in a consulting and advisory capacity as an external franchising expert and seasoned industry veteran," Holthouse explained to Blue MauMau in February. After reading the article, Holthouse interjected that he didn't view the error as an inappropriate misrepresentation coming from Jim Amos and that Amos' advice was valued by P&G.
Amos' title of chairman of Agile Pursuits Franchising Inc. stands on the site to this day. Some franchise brands that Amos has headed, such as chair of troubled Sona Medspa, are missing from his bio.