Get All Access for $5/mo

Why Tampering With Your CV Is Not a Wise Decision One of the most recent examples is the Samsonite CEO Ramesh Tainwala who stepped down amid allegations of false educational credentials

By Nidhi Singh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pixabay

Your Curriculum Vitae, Cover Letter, and Resume are really important elements of the job search process. In an increasingly competitive job market, a good CV gives the job seeker a chance to stand out from other candidates. However, few applicants tend to lie or add false information in their resume or CV to give their career a leg up. What they tend to forget is that one small lie is enough to finish your future.

One of the most recent examples is the Samsonite CEO Ramesh Tainwala who stepped down amid allegations of false educational credentials. Meanwhile, the travel luggage company had announced that Kyle Gendreau has been appointed Chief Executive Officer as Tainwala, has resigned as CEO and Executive Director of the Company.

Last week Blue Orca Capital, an activist investment firm led by renowned short seller Soren Aandahl questioned Tainwala's credentials and company's accounting. The organization posted a Twitter thread that poses some serious questions on Tainwala's doctorate degree. The Indian-born Tainwala claimed to have a doctoral degree in business administration from the Union Institute and University in Cincinnati.

The Classic Resume Fraud:

The report said that Tainwala, at various point in his career has called himself a doctor. Although his bio on Samsonite's website currently omits the reference, on Bloomberg, and in other media sources and regulatory filings, his bio lists a Doctorate Degree in Business Administration from the Union Institute and University in Cincinnati, U.S.A. But when the company called the Union's registrar, a representative told them that Tainwala never obtained a doctorate, but that he merely enrolled in a program from February 1992 to September 1993.

The company termed it as a "classic resume fraud', and stated that any legitimate fortune 500 company would remove a CEO caught making such material misrepresentations about his educational history.

Mistakes Made, Lessons Learnt:

The Tainwala controversy offers us a lesson that one should not take their resume lightly because you can get caught any moment. It may tempt you initially but later it can cost you your future employment. According to the annual trends report on background screening by background verification firm AuthBridge, 15.21% Candidates misrepresented information to employers in FY2017.

After seeing the need, many Indian startups are addressing the requirement of background verification for new hires. With digital job portals on the rise, it has become easy to portray a false image on the social media. The social media platforms have become a hotspot for recruiters and employees, but it still poses a long-term threat. The open nature of social media makes it easier for people to fool around and show incorrect information about their qualifications. Although popular events like Yahoo CEO Scott Thompson & US Olympic Chief Sandra Baldwin resigning over resume discrepancy, will always as a warning sign for those who are taking their CVs lightly.

Nidhi Singh

Former Correspondent, Entrepreneur Asia-Pacific

A self confessed Bollywood Lover, Travel junkie and Food Evangelist.I like travelling and I believe it is very important to take ones mind off the daily monotony .

Business News

Want to Start a Business? Skip the MBA, Says Bestselling Author

Entrepreneur Josh Kaufman says that the average person with an idea can go from working a job to earning $10,000 a month running their own business — no MBA required.

News and Trends

Edtech in 2023: A Year Of Layoffs and Funding Crunch

Edtech unicorn Byju's was engulfed with multiple problems this year, which led to skepticism about the entire sector

Starting a Business

They Showed Up to Apple With a Product They Built in Their Dorm Room. Now These Entrepreneurs Are on the Way to Changing the Way Fans Watch Sports.

How Rahat Kulshreshtha and Gaurav Mehta launched Quidich Innovation Labs, technology that is literally changing the game of sports viewership.

Leadership

Your Definition of Leadership Is Outdated — Here's How to Be a Better Leader in the Modern Workplace

In my nearly thirty years as a leader, I've focused on setting a clear vision and empowering my team to achieve our goals. We prioritize establishing shared objectives while allowing for flexibility when needed.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Why Hearing a 'No' is the Best 'Yes' for an Entrepreneur

Throughout the years, I have discovered that rejection is an inevitable part of entrepreneurship, and learning to embrace it is crucial for achieving success.