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Have you ever seen a Board sue a CEO in a similar situation? I also don't think the examples he cited are violations of those duties.
by berberous 9y ago
Have you ever seen a Board sue a CEO in a similar situation?
I also don't think the examples he cited are violations of those duties.
- jacquesm 9y agoHe may not, but I have seen a board threaten a CEO in a situation like that. It never came to a lawsuit, the CEO stepped down but this sort of thing definitely can happen depending on how bad the situation is.
- bduerst 9y agoInvestors sue all the officers all the time. United Airlines, Ebay/Craigslist, Skype, non-profits, etc. Suppressing systemic sexual harassment violates his duty to report management problems to the board. Same with any meetings with Otto's founder a week prior to them leaving Google and founding Otto.
- bogomipz 9y agoIndeed. The CEO of Sears was recently sued by investors: http://www.businessinsider.com/sears-ceo-will-pay-40-million-to-settle-shareholder-lawsuit-2017-2 http://www.businessinsider.com/sears-ceo-will-pay-40-million...