Analysis | More CEOs were forced out for ethical lapses in 2018 than poor financial performance

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Analysis: More CEOs were forced out for ethical lapses in 2018 than poor financial performance

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Protesters stand outside the site of the CBS shareholder meeting in New York in December. By Jena McGregor Jena McGregor Reporter covering leadership issues in the headlines Email Bio Follow May 15 Chief executives faced a year of reckoning in 2018 — but not for the reasons that have traditionally led to forced departures from the corner office.

For boards of directors, said Martha Turner, a partner with Strategy&, “there’s a new call for transparency and accountability, especially with issues regarding the #MeToo movement and other indiscretions for which there is increasingly zero tolerance,” she said. There’s more “reluctance for the board to give CEOs the benefit of the doubt.”The year was filled with marquee names who stepped aside amid investigations into their behavior.

“Boards feel they have to hold their CEOs accountable to the code of conduct in the same way they would with employees,” said Bill George, a senior fellow at Harvard Business School and former chief executive of Medtronic who recently retired from the Goldman Sachs board. “There’s a strong feeling from boards they have to do it.”

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ahh, metoo people are back. I would still like know if any of the CEOs forced out were convicted or did it only take an accusation?

'ethical lapses' is weak. call it was it is: shenanigans.

Ethical missteps Ethical miscalculations Ethical no-no's Ethical shortfalls Ethical mistakes Ethically-troubling behavior Actions that some are calling unethical ...that are unethically-charged ...unethically-tinged ...unethically-motivated Or maybe we could just say misconduct?

“Lapses”?

Really I'm not change Philippines person becuose truo goverment is believe she is eligaly all ways analist buying frome taxs English Mont this Philippines American or what's your country to made nems colors reabow fakgae signeture

No surprise there - when have many CEOs cared about ethics?

And most of those CEOs were liberal democrats? Yep and this whole MeToo movement was started to take out trump?

Indeed Trump gives to all including CEOs examples that Ethics are useless in the path to success. So many are just cheating while money accumulation is the only Raison d’être! WSJ business Reuters FT TheEconomist JohnBrennan Comey GenMhayden SpeakerPelosi RepJerryNadler

How sad. Good men being destroyed by the lies of hate filled feminist Nazis.....

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