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&)
Not everything is legal in New Jersey: Uber has to pay the state of New Jersey $650m in unemployment and disability tax for the employee drivers that it pretended were contractors. Uber is appealing. It will lose. Uber drivers in Jersey are now entitled to unemployment insurance. (via /.) (Image: Quotecatalog, Ervins Strauhmanis, CC BY, […]
Mysterious Galaxy is a wonderful, longstanding science fiction bookstore, host to readings for the Clarion Workshop, designated bookseller for Comic-Con signings, and much more.
Donald Trump has long made a sport of mocking Amazon founder and Washington Post newspaper owner Jeff Bezos, and Jeff Bezos is well aware of this.
Sous vide cooking: It sounds fancy, but it’s actually one of the easiest and most reliable ways to cook. It’s the reason why many restaurants are able to put out delicious dishes with a consistent flavor. All you need is the right equipment, and that hasn’t always been available to those outside the resto crowd. […]
The more you use your computer, the more it becomes possible for others to use it too. Where there are anti-virus systems, there are hackers looking for a way to get around them. That’s why it’s important to get software that doesn’t just passively scout for viruses in the background. The folks behind GlassWire have […]
Knowledge is power. It’s a cliché, but sometimes things turn into a cliché because they’re true. If you’re making your way through the world of business and entrepreneurship, it only makes sense to read about the insights of people who have climbed that ladder before you. Trouble is, the modern workday doesn’t leave a lot […]