Concur: Another Singh, Another Disclosure Issue
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 attended college, but never actually graduated. 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.