Maybe. CEOs are indeed a lightening rod for criticism, good or bad. One hopes the BOD has the intel needed to evaluate the situation, but I can tell you from

Maybe. CEOs are indeed a lightening rod for criticism, good or bad. One hopes the BOD has the intel needed to evaluate the situation, but I can tell you from experience, if someone makes a minimal effort to hide their actions, especially if they are a CEO who's been permitted to do whatever he wanted to that point, then it's more of a burden for that BOD to perform proper diligence. As a BOD member, I don't want burdens - I want clarity and confirmability - if I can't get that without significant effort, then that's not an organization that I want to advise.