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While I like that the article points out that the likely reason for the increase in the percentage CEOs gone is likely due to tightening of standards, I disagre
by hermitdev 7y ago
While I like that the article points out that the likely reason for the increase in the percentage CEOs gone is likely due to tightening of standards, I disagree with their assessment that its due to the rise of the MeToo movement.
Not downplaying MeToo, but the last several years have seen the likes of several auto companies faking emissions test results, for example. Then, you've also some major data breaches at big companies that have seen C level execs shown the door (e.g. Equifax), which personally I'd label both of these ethical violations and amoral, but for different reasons. Faking test results to beat a teat you can't otherwise pass is, for what I hope, obvious reasons. Failling to protect critical personally identifying information (PII) is a dereliction of duty and has exposed over a hundred million US residents to potential identity theft issues, in the case of Equifax.
From my observations, I think CEOs (outside of Entertainment industry) rarely get taken down by harassment allegations, but usually for underperforming or alleged fraud or other malfeasance.
I'm also not saying that it doesn't happen, but they usually have enough money to "make it go away".
- rbavocadotree 7y agoThe resignations and firings from the Equifax and Volkswagen scandals were not in 2018. Meanwhile, Demos Parneros, Paul Marciano, Steve Wynn and many others were directly taken down by #MeToo in 2018.
- hermitdev 7y agoI never once mentioned explicitly 2018, and specifically said over recent years. Yes, some execs have been taken down by #MeToo, but I'd hazard a guess that those that have are in the minority of ousted execs.