• CEOs in scandals


    By Free Online News

    PUBLISHED: May 22, 2013 6:22 pm


    CEOs in scandals

    1
    IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry’s best-known executives for sexual harassment. He was forced to quit India’s second biggest software services exporter Infosys Ltd in 2002 following a sexual harassment lawsuit, which was settled out of court.


    2
    In April, consumer electronics chain Best Buy CEO Brian Dunn stepped down after acknowledging an inappropriate relationship with a 29-year-old female employee. Dunn left the company with a $6.6 million severance package.

    3
    Mark Hudd was forced to resign from Hewlett Packard in 2010 following discovery of inappropriate conduct in an investigation into a claim of sexual harassment made by former reality TV actress Jodie Fisher. The HP board voted 6-4 to oust Hurd following the advice of a public relations specialist. Today, Hudd is co-president, director, and board member of Oracle Corporation.

    4
    Former President of Boeing Harry Stonecipher, was forced to resign following the disclosure of his longtime consensual affair with a fellow Boeing employee, who was not a direct report and whom he later married.

    5
    Jack Welch, former CEO of GE, had an affair with Suzy Wetlaufer, then editor of the Harvard Business Review, while he was married. They’re now married. His affair was first reported in the news in 2002; he left GE in 2001 after leading the company for 30 years.

    6
    CEO of American Apparel (APP) Dov Charney has been the subject of several sexual harassment lawsuits, at least five since the mid-2000s, that are either still pending or have settled or been dismissed. Through early 2010, none of the accusations had been proven. Some cases remain pending, but the remaining were dismissed, remanded to private arbitration, or “thrown out”

    7
    David Jones Ltd CEO Mark McInnes: Mark McInnes had a sexual harassment complaint brought against him by a 25-year-old female employee. The complaint said, McInnes allegedly made unwanted sexual advances toward her.

    8
    Charles Phillips, Oracle Co-President: In January, after he broke off an eight-and-a-half-year-long relationship with YaVaughnie Wilkins to patch things up with his wife, she bought billboard ads in New York, Atlanta and San Francisco with pictures of her and Phillips snuggling, and her proclamation that the tech executive was her “soul mate.” But the media frenzy died down, and Phillips remained on the job.

    9

    Christopher E. Kubasik is the former President and Chief Operating Officer (COO) of Lockheed Martin Corporation. An ethics investigation that confirmed Chris had a close, personal relationship with a subordinate employee

    10
    Kenneth R. Melani is the former president and chief executive officer of Highmark, a health insurance company based in Pittsburgh and the largest health insurer in Pennsylvania. In April 2012 he was dismissed for repeatedly lying about an affair he was having with a woman he hired. Before his abrupt departure from Highmark in 2012, he was one of the most powerful health insurance executives in the country. At his peak in 2012, Melani was in charge of a Highmark that was $14.6 billion company and had millions of policyholders, for which he was paid $4 million annually.

    11
    Dominique Strauss-Kahn was the Managing Director of the International Monetary Fund (IMF) until his resignation on 18 May 2011 following allegations that he had sexually assaulted a hotel employee.

    12
    Lord John Browne, BP CEO Lord John Browne was one of the world’s most admired businessmen who few knew was a closeted homosexual. The head of BP was horrified to learn in 2007 that former lover Jeff Chevalier was trying to sell his story to a tabloid newspaper. He failed to block publication but said in court papers that the two met while exercising, even though the true story was that they met through a gay escort service named Suited and Booted. Authorities decided not to pursue perjury charges, but Browne was forced to end his 40-year career. In his book Beyond Business, Browne admitted that he was wrong to lie about his relationship with Chevalier. No longer hiding his sexual orientation, Browne is now a senior partner with U.S. private equity firm Riverstone.

    13
    In February, medical device maker Stryker fired CEO Stephen MacMillan. The married-but-separated MacMillan had received permission from the board to date a female employee as long as she resigned. But he still got fired when some board members suspected the relationship began earlier than he led them to believe.

    Source: Yahoo News



    One Response to CEOs in scandals

    1. swabby429 says:

      Some of these scandals seem pretty tame. But the story is a good one anyway.


    Leave a Reply

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