Tuesday, May 15, 2012

USAT: Ethics violations, mismanagement trip CEOs

From a USA Today story this morning about a recent run of chief executives -- from Yahoo to JPMorgan Chase -- landing in hot water:

Their personal and professional decisions are placing them in the cross hairs of angry shareholders, opportunistic hedge funds, disgruntled employees and even their own boards of directors — making the imperious CEO far more vulnerable to personal, public and corporate missteps than ever before.

Corporate-governance experts say many boards are finally ending their image as rubber-stamping friends of CEOs. Now more autonomous, and in the wake of more legal and institutional-investor scrutiny, boards are more cognizant of auditing and compliance issues and more sensitive about lavishing executives with excessive compensation and perks.

4 comments:

  1. To no one's surprise, they failed to mention Dublow's exit from Gannett.

    Conflicts of interest isn't a line item on the accounting ledgers.

    ReplyDelete
  2. I think you can read between the lines on this one.

    ReplyDelete
  3. A classic case of the pot calling the kettle black!

    Gannett refuses to play by the same rules that it tries to enforce upon others. Freedom of Information -- HA!!

    ReplyDelete
  4. Both Big G and Freedom Forum.

    ReplyDelete

Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

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