Senior Directors & Inflated Academic Credentials

From the WSJ: Inflated Credentials Surface in Executive Suite

Chris MacDonald, Ph.D - Business Ethics St Mary's University Canada

Inflated academic credentials in the nation's executive suites may be more common than generally thought.A survey of 358 senior executives and directors at 53 publicly traded companies has turned up at least seven instances of claims that individuals had academic degrees they don't have. In some cases, the slip-ups don't appear to have been intentional, and may have been caused by misunderstandings.Among the executives whose credentials don't check out: Dennis Workman, chief technical officer at Trimble Navigation Ltd., a big maker of global-positioning-system devices; and James DeHoniesto, until Wednesday the chief information officer at Cabot Microelectronics Corp., a supplier of chemicals and pads used to polish microchips.The details are not exactly eye-popping. A few execs said they completed degrees they only started, one said he got a Bachelor's degree when all he really got is an Associate's degree. But still. Their information was inaccurate, and that's bad. It's dishonest (though the WSJ acknowledges that some cases might best be chalked up to misunderstandings) and it sets a lousy example for people lower down the corporate ladder.Perhaps this story speaks some combination of the following things:
People's general willingness to exaggerate on their CV's. (Note that it's not a scientific survey, and only 1.9% of execs had exaggerated.)
The willingness of people at the executive level to exaggerate on their CV's.
The willingness to exaggerate on education in particular. Is that a sign that education matters ("It matters enough to lie about!") or a sign that it's held in low esteem ("Oh, it's just a college degree!")
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We have to agree with the professor. Our experience at Powerchex also indicates that academic qualifications are frequently falsified. What is interesting is that applicants do not consider this to be a major "faux pas", and are usually very surprised when an offer is withdrawn.