Showing posts with label CEOs. Show all posts
Showing posts with label CEOs. Show all posts

Tuesday, February 18, 2025

ESSAY: Home of the brave? Really? Who will stand up for democracy?; The Ink, February 18, 2025

ANAND GIRIDHARADAS, The Ink ; ESSAY: Home of the brave? Really? Who will stand up for democracy?

"As I write this, there are scattered and inspiring examples of bravery all around us — prosecutors, judges, even the occasional lawmaker. But in the main, we are proving beyond a shadow of a doubt that we are not the home of the brave. We are a country full of people smilingly capitulating to a tyrant...

Collaborating. Exactly that. It is fashionable now. Bravery, less so.

It’s the media owners who are rejecting advertisements from the pro-democracy movement and letting go of cartoonists who challenge power and settling bogus lawsuits to protect their wider commercial interests, and trying to position themselves in the Dear Leader’s good graces. Why do they even own newspapers? Maybe they would be better off owning banks. Do they know what newspapers are for?...

Then there are the CEOs, who, five years ago, proudly positioned themselves as avatars of a new future of diversity, equity, and inclusion, and now purge those programs from their own companies. They have more power with the resources at their command than most people who have ever lived, but it is not enough to give them courage. They would sell out their own colleagues, make them feel less part of the team, in order to please a Dear Leader who would sell them out in a Wall Street second...

It is the university leaders who, instead of defending their faculty — one of the only bastions of protected thinkers who can actually tell the truth without fear because of tenure — are bending over backwards to please the wannabe autocrat. Campuses are now full of fear of a new McCarthyism. How does it feel to work for leaders who do not have your back?

Collaborating.

We are learning about ourselves as a country. We are learning who among us and around us is brave."

Thursday, September 12, 2024

Norfolk Southern Fires C.E.O. After Ethics Investigation; The New York Times, September 11, 2024

Peter Eavis and , The New York Times; Norfolk Southern Fires C.E.O. After Ethics Investigation

"Norfolk Southern, the beleaguered freight railroad giant, said on Wednesday that it had fired its chief executive, Alan H. Shaw, for having an affair with the company’s chief legal officer.

In a news release, Norfolk Southern said Mr. Shaw, who became chief executive in May 2022, had a consensual relationship with its top lawyer, Nabanita C. Nag, who was also fired.

Mark R. George, the company’s chief financial officer, was named president and chief executive officer, Norfolk Southern said.

“This change in leadership comes in connection with preliminary findings from an ongoing investigation that determined Shaw violated company policies” by engaging in a relationship with Ms. Nag, the company said. “Shaw’s departure is unrelated to the company’s performance, financial reporting and results of operations.”"

Tuesday, May 16, 2017

More CEOs are getting forced out for ethics violations; Washington Post, May 15, 2017

Jena McGregor, Washington Post; More CEOs are getting forced out for ethics violations

"If it seems like more CEOs are getting cast aside amid ethical blunders or corporate scandals, they are. According to a new report on CEO succession from Strategy&, PwC’s strategy consulting business, the percentage of CEOs getting pushed out for questionable behavior — lapses including environmental disasters,  insider trading, résumé fraud, accounting scandals and sexual misconduct — is up over the past five years."