""That is really unusual," she told Fortune. "I think that's actually a badge of success for corporate governance, because that's something investors have been concerned about for a long time: CEOs being dismissed and somehow getting to stay on.""
""There has been bad behavior in the boardroom for a long time," Minow said. "But partly because of social media, partly because of the way things get out, the board is under more pressure to respond.""
A Nestlé CEO was removed for a romantic relationship with a direct subordinate and denied a severance package, an outcome described as highly unusual in the C-suite. Historically, many high-profile executives who crossed ethical lines left with multimillion-dollar payouts, including Steve Easterbrook and Adam Neumann, while others retained large sums through stock or options despite controversy. Boards demonstrate inconsistent responses to misconduct, but investor pressure and social media scrutiny are increasing demands for stronger governance and tougher consequences for executives involved in ethical breaches. Reputational fallout from misconduct now limits boards' ability to look the other way.
Read at Fortune
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