“Fund Firm Fires Boss in Purge,” The Wall Street Journal, May 2, 2017 B1. AllianceBernstein fires CEO and drops 9 of 11 directors over concerns about financial performance and future.
Would the company do the same over a violation of law or policy?
“Another Fox News Executive Departs,” The Wall Street Journal, May 2, 2017 B1. Network’s co-president resigns following sexual harassment claims against two others.
Well, go figure; a boss falls on his/her sword after violations of law and/or policy.
This is a man-bites-dog story. Seldom do the big wigs lose their heads. And directors? Hardly ever.