Executive Of The Federal Emergency Management Agency And An Mit Admissions Director

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INTRODUCTION David Edmondson of Yahoo and Scott Thompson of RadioShack were just two names in the long and confounding list of prominent people who had embroidered or falsified their résumés and were felled for doing so. This list includes a former Notre Dame Football coach, chief executive of Bausch & Lomb, a director of the Federal Emergency Management Agency and an MIT admissions director. In this reaction paper I focus on this very issue of résumé falsification and analyze how such cases ought to be dealt, from an ethical stand point. The issue is analyzed using the cases of Scott Thompson and David Edmondson, former CEOs of Yahoo and RadioShack respectively. The paper starts by providing a brief overview of the above mentioned cases…show more content…
David Edmondson, on the other hand, had been an employee with RadioShack for 11 years before he was appointed as the CEO. In an investigative report, Star-Telegram revealed that Edmondson had also falsified his résumé by stating that he had degrees in psychology and theology. Star-Telegram revealed that the Pacific Coast Baptist College did not even issue degrees in psychology, and that they only issued a diplomas in theology. David Edmondson’s name was also not found in the College records. Edmondson contested that he “remembered” to have completed his diploma in theology, but he could not support his claims. He eventually stepped down as the CEO as well. ETHICAL DILEMMA Both Yahoo and RadioShack, had to find solution to the following questions – How serious of an offence was it for a CEO to have lied on the résumé? Should a CEO be sacked for falsification of the résumé or should he be retained in the company on the basis that his performance as a CEO has little bearing on his degree? Should the company also impose a sanction on the CEO? What are the implications on the company in choosing either of these options? MODEL BASED ANALYSIS Using Mihnea Moldoveanu’s model, we try to identify the agents in both the cases and build a choice-based model of the situation. It is clear from the case background that Scott Thompson and David Edmondson were the active agents since they had an opportunity to make a choice, the choice of coming
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