My first reaction to this was to laugh. Yes, of course, she should not have misrepresented her credentials. But it turns out that she did not even have an undergraduate degree. What does it say about the need for a university when you can even be a successful as a dean at MIT without having earned a degree? "Ms. Jones had received the institute’s highest honor for administrators, the M.I.T. Excellence Award for Leading Change." Sure, you can't (legally) get the job without a degree. But it certainly appears that you can do the job without one.