Caesar’s wife he’s not

“CEO Quits Embattled Firm,” The Wall Street Journal, September 16, 2017 B2.  The CEO of SoFi (an online lender) quits after allegations of improper workplace behavior.  He also steps down as chairman of the board.  His behavior towards women was an issue.

Five years earlier, there had been similar allegations.  It only took five years!

What does it say about a company where it takes five years to oust the Chairman of the Board for inappropriate behavior?  What does it say about the culture that was allowed to persist?

Who’s in charge when the Chairman is bent?  Will the ads stop now?

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Filed under Board, Compliance, Compliance, Controls, Corporation, Culture, Culture, Directors, Duty, Employees, Governance, Internal controls, Oversight

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