I've been there before And I'll try it again But any fool knows That there's no way to win Ray Charles So we see that yet another senior executive has potentially lied about their qualifications and the shareholders (down 54% since the news broke in early December) get to feel the impact. The SEC is now going to examine the case of CEO James Peterson of Microsemi Corp. See story here The company has opted to retain Mr Peterson because of his "great value and strategic vision". The company has determined he didn't earn a bachelors degree or MBA, he is still denying the claim. They have fined him, stopped his annual bonus and curtailed his stock options - would that not be the least you expected if you had lied on your resume? I start to sound more like my Dad every day - but in my day in corporate people got fired for a lot less. But the case highlights a much deeper concern in the current economy and climate of accountablity and perceived greed. What message are you sending to the employees of the company when you condone such behaviour? If true, what does this say about Mr Peterson and his values? What does that say to the unemployed job seeker? Withdraw your candidacy if you made an error in calculating your taxes, but if you lied about your education - GO FOR IT!
