PWC reports that the top reason that CEOs from large companies are fired is no longer related to bad financial performance or board conflict as has been the case for nearly two decades of their CEO Success studies. It's because the ousted CEOs are, surprise, slimeballs and crooks! From PWC:
For the first time in the study’s history, more CEOs were dismissed for ethical lapses than for financial performance or board struggles. (We define dismissals for ethical lapses as the removal of the CEO as the result of a scandal or improper conduct by the CEO or other employees; examples include fraud, bribery, insider trading, environmental disasters, inflated resumes, and sexual indiscretions.) The rise in these kinds of dismissals reflects several societal and governance trends, including more aggressive intervention by regulatory and law enforcement authorities, new pressures for accountability about sexual harassment and sexual assault brought about by the rise of the “Me Too” movement, and the increasing propensity of boards of directors to adopt a zero-tolerance stance toward executive misconduct.
"Succeeding the long-serving legend in the corner office" (PWC/Strategy&)
Documents show that the antivirus company Avast has been selling its users’ internet browsing data, through a subsidiary named Jumpshot, to clients that include Pepsi, Google, and Microsoft, reports Motherboard. The report is the result of a joint investigation between the VICE News site and PC Mag.
Ten years ago, Apple released the Ipad. I was in a hotel room in Seattle, jetlagged and awake at 4AM while my wife and daughter slept.
Home genetics tests purport to tell you what percentage of your ancestry comes from which places, an incoherent, unscientific fraud that perpetuates ridiculous eugenic myths. But that's not all: when you take one of these tests, you nonconsensually opt your family into perpetual, global genetic surveillance (and it's not like they can opt out afterwards […]
In the early days of the web, everyone wanted a .com domain for their site. As a result, all the good ones got snapped up. But .com no longer has the cachet it once did. In fact, many new businesses and individuals are opting for other top-level domain extensions. One of the most memorable is […]
Most streaming fanatics have access to perhaps one or two go-to platforms that they use to binge-watch their favorite shows every night. But there’s always that elusive streaming platform that we secretly crave but never sign up for—leading to bitter nights filled with missed content. So why not enter to win not only a 1-year […]
Thanks to a series of progressive movements throughout the United States, more and more states are allowing people to smoke in the great outdoors with absolute freedom. Unfortunately, most pipe-makers have been slow to catch up with this new reality, which leads to avid smokers stuffing a cumbersome glass pipe in their pocket every time […]