It's one thing to exaggerate qualifications & it's another thing to make them up. The Bottom Line: Sooner or later those non-existent qualifications will catch up with you (and bite you!!)!!. http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article1930584.ece
This will never fail to amaze me, when people take a few classes at a prestigious institution and then decide they can claim a bachelor's or master's degree.
It doesn't amaze me when I discover that someone has been dishonest. However, it does amaze me that he got into that position without someone actually checking his credentials.
I too am shocked at this news as I also work for this company and found the hiring and review process to be very thorough. I had my degrees verified by an outside service prior to an offer. I am surprised at how this fell through the cracks as well. This is a prime example of why honesty upfront is the way to go.
Aside from the fact that he lied and it was wrong, it just shows that maybe there is too much emphasis on college education rather than talent. He obviously was smart enough that they were going to move him onto the board. Nevertheless, being dishonest is what usually gets you kicked out.