It's profitable to falsify your resume....if you are a CEO or Chief Exaggerating Officer

Yahoo confirms misleading info on new CEO's resume – USATODAY.com: "Loeb, whose fund Third Point owns a 5.8% stake in Yahoo, gained more leverage when he discovered Thompson doesn't have a bachelor's degree in computer science from a small college in Easton, Massachusetts, as Yahoo stated in a regulatory filing last week.
Thompson only has an accounting degree from Stonehill College, an accomplishment that Yahoo also listed in the filing. The accounting degree was the only one listed in Thompson's resume last year by eBay Inc. when he was still running that company's PayPal payment service. He graduated in 1979, according to Stonehill's website.
Yahoo confirmed Thompson's credentials had been exaggerated in the recent filing with the Securities and Exchange Commission. The company, which is based in Sunnyvale, California, brushed off the distortion as an "inadvertent error."
But Loeb pounced on the misinformation as a violation of Yahoo's code of ethics and called for an independent investigation to determine whether Thompson had misled the company's board about his technology credentials. He also cited the mix-up as an example of Yahoo's poor corporate governance."

A class act by President McAleese

McAleese returns more than €500,000 in allowances - The Irish Times - Thu, May 03, 2012: "FORMER PRESIDENT Mary McAleese has voluntarily returned more than €500,000 to the State in personal allowance funds that she did not use during her two terms in office.

There were no conditions imposed for the use of these funds and no obligation on Mrs McAleese to return any unused sums during or at the end of her 14 years in the post.

The Presidential Allowance is provided to the head of state to cover certain costs associated with the office including all official hospitality at the residence, Áras an Uachtaráin.

This includes dinners, lunches, receptions, garden parties and visits by other heads of state, such as Britain’s Queen Elizabeth and US president Barack Obama."

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CEOs rewarding themselves- handsomely

American CEOs enjoy 15% pay rise in second year of double-digit hikes | Business | guardian.co.uk: "America's top bosses have handed themselves double-digit pay rises for the second year in a row, according to interim figures from the most comprehensive survey of CEO pay.

The Guardian's exclusive first look at the research by GMI Ratings reveals that rising share prices helped drive a 15% pay hike for the average US CEO in 2011, with the average compensation package hitting $5.8m.

It comes on the back of a 28% pay rise the year before. The two years of double-digit growth follow two years of decline in 2008 and 2009.

The boom time for chief executives contrasts sharply with the wider economy, where average wages have been little better than flat. A compensation survey by Mercer found US employers planned average increase in base pay of 3% in 2012. Inflation is about 2.7%."

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A questioning approach to evaluation and assessment

GCSE and A-levels are easier, Ofqual finds | Education | The Guardian: "GCSE and A-level exams have become easier over the past few years, a review has found, prompting the government to warn of a gradual decline in standards.

The qualifications regulator, Ofqual, compared question papers in biology and chemistry GCSEs, and biology, chemistry and geography A-levels between 2003 and 2008, and 2001 and 2010.

The papers from 2008 and 2010 were far more likely to demand less of teenagers than those from 2001 and 2003, the regulator found, as they had more multiple-choice questions and fewer essay questions. In the case of chemistry A-level many more questions were at GCSE level in 2008 than they were in 2003. The review comes amid growing fears that the exam system is failing to prepare teenagers for degree study.

Glenys Stacey, chief executive of Ofqual, recently said it was impossible to justify year-on-year grade inflation in A-level results. She told the Sunday Telegraph: "If you look at the history, we have seen persistent grade inflation for these key qualifications for at least a decade. [It] is virtually impossible to justify and it has done more than anything to undermine confidence in the value of those qualifications.""

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