It is indeed wrong, for all these points. Even if you subscribe to the "its ok, its a cultural thing" Its wrong for the company Why? because he is suggesting

It is indeed wrong, for all these points. Even if you subscribe to the "its ok, its a cultural thing" Its wrong for the company Why? because he is suggesting that said person can be hired because of a quality unrelated to what the company needs. It is at this point that "he is an exec and therefore creates value at the company far out weighing this 'temporary impairment of judgement'" becomes null and void. His judgement is causing shareholder harm. Therefore the company should find someone who is able to provide the company with better value and judgement.