alt Hacker NewsIt's a huge deal regardless. You'll be fired even as a CEO. As the above comment states, CEOs of Nestle, McDonalds, Intel have fallen once these things were uncovered. It's basically an express ticket to getting fired.
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For Intel at least, that CEO was fired because the board wanted him gone, because he destroyed the company. The relationship with a subordinate was only a pretext. If he'd been performing well it would never have been made an issue.
It’s a big difference if it’s a mercenary CEO hired by the board versus a founder CEO that likely controls much of the board.
Yeah, but does it make sense? The CEO is responsible for company success. Firing them over sexual misconduct is a decision to prioritize non-profit related matters. Companies do this all the time because of political correctness, but it is strictly speaking optimizing for other things than shareholder value.
> It's a huge deal regardless. You'll be fired even as a CEO
Bill Gates met Melinda Gates while he was CEO of Microsoft and she was a newgrad developer.
Many such cases. Rupert Murdoch. Larry Ellison.
Maybe I would have worded it differently, but I generally agree with the grandparent poster. It seems rare that a founder would be ousted over this type of thing.
My guess is that the China dealings are the most important part, and that part is being undersold because it's actually illegal and puts both him and anyone with knowledge of it at risk of going to jail.