Scott Thompson Resigned as the CEO of Yahoo After Only

question 25

Multiple Choice

Scott Thompson resigned as the CEO of Yahoo after only four months on the job because reports revealed he had inaccurately claimed on his resume that he had a degree in computer science. This is an example of:

• A) arrogance.
• B) unethical behavior.
• C) servant leadership.
• D) stewardship.

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Definitions:

External Auditors

Independent accountants or audit firms that review a company's financial statements to ensure accuracy and compliance with accounting standards.

Securities & Exchange Commission

A government agency that oversees securities transactions, activities of financial professionals, and mutual fund trading to prevent fraud and intentional deception.

Financial Disclosure

The process of providing financial information to stakeholders about a company's performance, financial status, and operations.

Form 10-K

An annual report required by the U.S. Securities and Exchange Commission that gives a comprehensive summary of a company's financial performance.