Last week, Barry Minkow and Fraud Discovery Institute announced that James Peterson, the CEO of Microsemi Corp (NASDAQ:MSCC) had neither the bachelor’s degree nor the master’s degree he claimed in numerous SEC filings.
That revelation was followed with more lies by Peterson, as well as a statement by Microsemi’s board of directors that they did not care if Peterson lied.
Corporate Governance 101: You need ethical people running your company. And that means ethical in all regards. Microsemi Corp. (NASDAQ:MSCC) doesn’t think honest executives are necessary.
On Wednesday, news stories broke about the fact that James J. Peterson, CEO of Microsemi lied about his credentials. Specifically, Peterson claimed he had a bachelor’s degree in business and a master’s of business administration, both from Brigham Young University. The school has confirmed that Peterson did take classes from 1978 to 1980, but he never received either degree.
Read moreJames Peterson expands the lie; Microsemi board doesn’t care
From the Wall Street Journal:
The University of California, Irvine, says a Broadcom Corp. [NASDAQ:BRCM] executive didn’t earn two academic degrees listed in his corporate biography.
Read moreMore public company executives with falsified credentials