Liar, Liar

How faux credentials felled Yahoo!'s CEO, among others

In the digital age, it's hard to imagine anyone--let alone a Fortune 500 chief executive--climbing to the top with a fictitious record. But on May 13, Yahoo! CEO Scott Thompson was abruptly ousted after a false college degree appeared in his official bio. (His popularity was already dwindling, though, thanks to a recent decision to sue Facebook over patents, which put Yahoo! in a precarious spot.) The 54-year-old ex-exec embroiled in what pundits are calling Rsumgate joins a sad tradition of high-profile fibbers.

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