Much like every year, throughout 2018 CEOs were fired and hired as usual. However, there was something different about 2018: more were dismissed due to ‘ethical lapses’ than poor profit or company performances.
These charges based on ethical problems range from sexual harassment and bullying, to bribery and insider trading. A PwC study into last year’s CEO dismissals found a staggering 39% of the forced exits were due to ethical misconduct, compared to 35% based on poor financial performance and just 13% based around board conflicts and investor rebellions.
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