Rank doesn’t have its privileges

You’d think that chief executives would by now have learned that having relationships within the work environment poses certain hazards.

“Priceline CEO Resigns After Relationship With Employee,” The Wall Street Journal, April 29, 2016 B1.  Relationship was a violation of the company’s code of conduct.  Cost:  about $13 million in stock grants.  Plus, plus.  Stock dropped 2.7%.

What does the cascade of such cases say about the culture of the companies involved?  If the boss does it, it must be okay, right?

Pretty bog-standard code of conduct violation, except it was the boss.Follows in the hoof-steps of chiefs at HP, Starwood Hotels, and Boeing.  And a General.

But at least the policy was enforced.

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Filed under Board, Compliance, Compliance, Controls, Culture, Culture, Duty, Governance, Internal controls, Management, Policy

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