Tuesday Twins

“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.

 

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Filed under Board, Compliance, Compliance, Corporation, Culture, Directors, Duty, Employees, Governance, Oversight, Oversight, Supervision

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