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.


  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.

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

  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!!

  4. Both Big G and Freedom Forum.


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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