By Eric Savitz
Complicating the Diploma-Gate issue that cropped last week at Concur Technologies (CNQR), it turns out that a second company executive also misstated his educational background in some corporate filings.
Last week, Concur confirmed that company filings from 1998 through January 2007 incorrectly asserted that CEO S. Steven Singh had a degree from the University of Michigan, where he attened college, but without ever actually graduating. Then over the weekend, the company issued a statement saying its board regretted the incident, but that it had full confidence in the CEO.
Today, a spokeswoman for the company confirmed in response to a query from Tech Trader Daily that some Concur filings, including the S-1 for its IPO, incorrectly asserted that Singh’s brother, Rajeev Singh, the company’s president and chief operating officer, had a degree from Kettering University. More recent disclosures, including the bio on the company’s Web site, say he has a degree from Western Michigan University. Here’s the company’s statement:
Rajeev Singh attended both Kettering University and Western Michigan University. He received a Bachelor of Science in Engineering from Western Michigan University. During a short period of time following Concur’s IPO in 1998, its public filings incorrectly stated that Mr. Singh’s degree was from Kettering University.
Note that both Singhs are on the company’s board, which suggests that Rajeev was among the directors who provided a vote of confidence for his brother despite the disclosure issue.
Rebounding from Friday’s sell-off, CNQR shares today are up $2.04, or 11.2%, to $20.24.