Yahoo chief executive Scott Thompson has apologised to employees at the firm for "embellishments" on his CV that came to light last week, according to reports.
Reuters said that Thompson sent a memo to staff expressing his regret that the issue was distracting from the firm's attempts at turning its fortunes around.
"I want you to know how deeply I regret how this issue has affected the company and all of you. We have all been working very hard to move the company forward and this has had the opposite effect. For that, I take full responsibility, and I want to apologise to you," he said.
"I am hopeful that this matter will be concluded promptly."
Yahoo has said that it intends to conduct an internal investigation into the claims Thompson made that he held a degree in accounting and computer science, when the degree was actually just for accounting.
"In connection with the statement the company made earlier today about Scott Thompson, the Yahoo board will be reviewing this matter, and upon completion of its review, will make an appropriate disclosure to shareholders," Yahoo was reported as saying.
Yahoo had previously stated that "an inadvertent error" had led to Thompson being credited as holding a qualification in computer science which he does not posses.
The matter was raised by shareholder Dan Loeb who wrote to the firm's board bringing the discrepancy to attention, claiming Thompson had "embellished his academic credentials" in order to land the role.
"If Thompson embellished his academic credentials we think that it 1) undermines his credibility as a technology expert and 2) reflects poorly on the character of the [chief executive] who has been tasked with leading Yahoo at this critical juncture," he said in the letter.
Thompson has been charged with attempting to revive Yahoo's position in the market and has already embarked on a cost-cutting exercise while also helping the firm to its first significant profits for some time.
Yeah, sorry about all that, simpers Zuckerberg
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