Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Sat May 5 2012 10:55:44

Former PayPal President Scott Thompson Caught in Resume-Gate

By: Ina Steiner

Sponsored Link

Former PayPal President Scott Thompson is in hot water over his bio that says he received a college degree in accounting and computer science - he only received a degree in accounting. It looked at first like it was a mistake made by someone at PayPal - eBay's SEC filings were correct, but the bio on eBay's management page contained the error. No one has suggested that Scott claimed he had the CS degree on his resume.

The verbiage that stated Scott had a CS degree that appeared on the eBay bio page then made it into Yahoo's SEC filings when Scott became CEO of Yahoo in January. Was it a copy and paste error? Everyone wants to know, how did this happen, and why didn't Scott catch it?

AllThingsD Kara Swisher wrote about an episode in which Scott didn't clarify his degree during an interview.

It might be surprising that someone with an accounting degree refers to themselves as an "engineer" - but Scott did work in IT for years and joined PayPal as its Chief Technology Officer before he was named President.

Are courses in computer science from 1970s an important requirement for running a company? That's not really what the brouhaha is about. What does it say about Scott that he let the error live on eBay's bio page and didn't catch the error when it appeared on Yahoo SEC filings?

More importantly, why did Yahoo perpetuate the error? When Yahoo hired Scott, the company wrote in its offer letter, "Background Check. Please understand that this offer is contingent upon the successful completion of your background check."

And that's why Daniel S. Loeb, CEO of Third Point LLC, who is fighting for spots on Yahoo's Board of Directors, is making a big deal about this. But is Loeb right when he tells the board they must "Terminate Mr. Thompson for cause immediately given his demonstrable unsuitability to remain Chief Executive Officer and a director of Yahoo"?

Here's Dan Lyons (fake Steve Jobs) writing about the hypocrisy of the accusations on the Daily Beast.

Many readers began using PayPal before eBay even acquired it in 2002, and before Thompson joined eBay in 2005. What do you think of Scott Thompson's predicament?

Update 5/14/12: See today's news story, "Which Financial Service Giant Will Snap up PayPal's Scott Thompson?"




Comments (20) | Leave Comment | Permalink

Readers Comments

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Ed Gadfly

Sat May 5 11:28:27 2012

SNAD  

Significantly Not as Described

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: basset

Sat May 5 11:57:55 2012

LOL Ed - right on the mark.

Sounds like a resolution is in order. Perhaps customer service can help resolve this. Where's "Peggy" -  

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: Scotty This user has validated their user name.

Sat May 5 12:20:57 2012

I would venture to say there will be absolutely no sympathy or any feelings of compassion for ANY of ebay management (current or former) no matter what the predicament they find themselves in.  I take extreme pleasure in knowing he is sweating bullets this weekend wondering what will happen on Monday.....now he knows how ebay sellers feel every single time they logon.....am I still in business?  Do I still have a ''job''?  This is with every logon and people like Scott Thompson created that environment.....so let him sweat.  My only regret....and I do mean only regret....over this is it was not JD.

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Anonymous Annie

Sat May 5 12:24:25 2012

When you lie and fudge-the-truth so often... it becomes an engrained habit. Eventually you don't even realize you're doing it, and some people even begin to BELIEVE their own lies.

In defense of job-seekers and promotion-seekers (and to admit doing this myself) it's quite common for people to come up with creative and important-sounding job titles or job descriptions. ~~ For example: ''Part of my duties and Acme Corp was to create a safe and secure workplace environment.'' Sounds better than: ''I emptied wastebaskets and cleaned debris from the floor.''

And: ''Demonstrated initiative to keep programmers focused, alert, and on-task at all times.'' Sounds better than: ''Was responsible for making coffee throughout the day.''

I've also worked at a company who was bidding on a government contract... and submitted my CV with verbiage stating that I was a skilled with PowerPoint. (Well, I supposed that depends on how you define ''skilled''. I could assemble a basic PowerPoint presentation, but I was by no means an expert.)

In any case, I think that this snafu is one that opens the window and gives us (another) peek into the culture of eBay/PayPal corporate. ~~ And it appears that eBay/PP is not alone in this as well.

It's one thing to exaggerate and use fluffy/meaningless euphemisms... but it's QUITE ANOTHER THING to outright LIE about someone's qualifications.

This is ESPECIALLY TRUE when it comes to lying about someone's formal education... something that can so easily be verified or disproved.

With this in mind, it makes me wonder what ELSE they're willing to LIE about? What other aspects of these businesses are subject to fluff, puffery, euphemisms, flowery phrases... AND LIES! ~~ How many other execs, engineers and policy makers are deceiving us with their qualifications as well?

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Anonymous Annie

Sat May 5 12:27:42 2012

PS: If this blog had a ''like'' button, then I'd have definitely clicked it for Ed's ''SNAD'' comment. ~ THAT WAS BRILLIANT!

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Doc

Sat May 5 12:34:33 2012

I see at least 1 shill has responded on Facebook. LOL!

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Roger Rabbit

Sat May 5 12:42:11 2012

During his stint at PayPal, Thompson added an autodidactic masters degree in lying to his resume.

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: trickstunt This user has validated their user name.

Sat May 5 14:57:26 2012

Doesn't seem like much of an inadvertent error to me. How about you all?

Scott Thompson - 2009 Interview
http://www.youtube.com/watch?v=j8BZth8daN0

I wonder whether he will be the next paypal upper echelon employee (related) suicide?  Place your bets.

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Ming the Merciless

Sat May 5 16:20:57 2012

Being merciless, I'd like to see the same thing happen to SNAD Thompson that happened to the 16th century violin.

Maybe The Ho's resume could stand a little inspection as well.

Ho ultimately was responsible for Thompson's employment and supervision of Thompson while he worked from ebafia criminal syndicate so this also casts him once again in a very negative light in arenas that care about integrity which, of course, wouldn't be inside ebafia.

Ming's ebay Law #1:

EBAY LIES. ALWAYS HAS, ALWAYS WILL.

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: woohoo This user has validated their user name.

Sun May 6 18:12:56 2012

He needs to resign or risk getting fired.

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: used2luv2sell This user has validated their user name.

Sun May 6 19:06:49 2012

I am a bit too gleeful at the thought of this guy having a sleepless night & may he and his buddies have MANY more.  

Small sellers - do as they COMMAND, not as they DO!  YOU still need to be perfect.

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: JoyfulA This user has validated their user name.

Mon May 7 00:23:45 2012

Was there such a thing as a degree or major in computer science when he was in college?

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Marie

Mon May 7 02:45:58 2012

@joyfulA

No they did not at the time he graduated.  That is actually how this problem was discovered.  The college he went do didn't even offer that type of degree until a couple years later.

@Ed

Oh Ed, What an OUTSTANDING observation.  Yes, they should immediately file a SNAD and get ALL their money back.  And that was no small chuck of change.  There was probably a sign on bonus, moving expenses, housing allowance, and so forth.  Yahoo should be able to get it ALL back for FRAUD.  He breached his fiduciary duties for the company and needs to be held responsible.

Oh and they should just go attach whatever funds he has in his bank accounts and offer NO explaination.  If he needs an explaination, he can go get a court order, otherwise he doesn't have the right to know.

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: TrentDep

Mon May 7 03:22:34 2012

If Yahoo likes him, no big deal...  If they do not?...  Well - he needs to be breaking out the classified ads while waiting for them to finish their ~ investigation ~ ...

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: spirit-of-shiloh This user has validated their user name.

Mon May 7 05:42:04 2012

It just goes to show you that eBay and Pay Pal have skeletons it their closets and are not on the up and up yet they force sellers to abide by their stupid rules. So its the foxes guarding the hen houses. Shame on you all. TSK! TSK!

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: woohoo This user has validated their user name.

Sun May 13 22:28:02 2012

Another one bites the dust ...

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: JoyfulA This user has validated their user name.

Mon May 14 00:08:54 2012

Was there such a thing as a degree in computer science in the 1970s?  

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Doc

Mon May 14 08:58:50 2012

The new buzz is that Thompson stepped down because he has Thyroid Cancer.

Matt Lauer and Jim Cramer were just discussing it on the Today Show.

http://online.wsj.com/article/SB1000142405270230437150457
7403271970040362.html

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

This user has validated their user name. by: Ina

Mon May 14 09:15:24 2012

Thanks, Doc, I've updated today's news story with links.

Perminate Link for Former PayPal President Scott Thompson Caught in Resume-Gate   Former PayPal President Scott Thompson Caught in Resume-Gate

by: pace306 This user has validated their user name.

Mon May 14 11:11:22 2012

If any of the financial companies are smart - then NONE of them will hire him!  If hes does ''the great job'' he did at Paypal at VISA (as an example) - then people get yourself an AMEX card!

Paypal pioneered nothing (people were sending each other money before email was invented - just ask Western Union).

What Paypal DID invent is buyer fraud, illegal money holds, intrustive non legal ''interventions'' into online sales - and thats just for starters.

If he does have cancer - then Scott - please stay home and rest and use the same tenacity that you took MY and other sellers money to fight your cancer and get better.

After that? stay home and play with your grandchildren and leave the rest of us alone. PLEASE.



Login is required to post comments.
To sign in to leave a comment using your AB Verify User Name, fill in the form below. If you have not yet signed up for AB Verify, or if you'd like more information, go to the Registration Page
.

Login for AB Verify
Be sure and use your email address and password to log in.

 
Email:
Password:
 
 Forgot Your Password?
 Even though you are signed in with the AuctionBytes Blog, you will have to sign in to the EcommerceBytes blog. But you can sign in with your existing AB Verify info.