Concur: The Street Debates Diploma-Gate
There’s a spirited debate on the Street this morning about what to make of the Diploma-Gate scandal that’s broken out at Concur Technologies (CNQR), which provides software used to track employee travel expenses. (We actually use their software here at Dow Jones, and I find it incredibly irritating and nonintuitive. But I digress.)
As I noted on Friday, Concur has confirmed that CEO S. Steven Singh does not actually have a degree from the University of Michigan, contrary to what the company had stated in SEC filings from 1998 until January 2007. Subsequent filings no longer claim that Singh graduated from Michigan, but the issue came to light publicly last week, when it was uncovered by convicted ZZZZ Best fraudster Barry Minkow, who now spends at least part of his time seeking to uncover–and profit from–corporate misdeeds as part of something called the Fraud Discovery Institute. While Concur in a statement Friday acknowledged the issue, the company also said it had no plans to take any disciplinary action against Singh.
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