4 ms·
It depends on how big a scandal you think this is. For very big scandals, sure, the CEO either resigns or becomes Chairman, but releases day to day control. Th
by lkrubner 8y ago
It depends on how big a scandal you think this is. For very big scandals, sure, the CEO either resigns or becomes Chairman, but releases day to day control.
The top guy at Enron went to jail, but typically there is some level of scandal that is "in the middle" in that nobody goes to jail, but someone has to lose their job.
When GM almost went bankrupt in 2009, they fired the CEO.
Vikram Pandit was pushed out of Citi.
Les Moonves just got kicked out of CBS for sexual harrassment.
The right level of scandal should lead you through 3 questions:
1.) should they go jail?
2.) if no, should they be fired?
3.) if no, should they face any consequences at all? (perhaps move from CEO to Chairmanship)
- vinceguidry 8y agoHmm. This implies there is accountability on the CEO's part that is imposed at a level below state judicial action. This obviously isn't true for founder-chairman-CEO dictator like Zuck. In these cases, is there an accepted and agreed-upon standard of behavior for such a dictator in these cases? Because this looks a lot like uncharted territory which makes the journalist's claim look like mere grandstanding.
- basch 8y agoHow often do people in 2 or 3 own the entire voting share of their company, and just have a figurative board with no authority?