EARLY IN NOVEMBER, McDonald’s Corp. terminated the services of its president and chief executive Steve Easterbrook, 52, because he had a consensual relationship with a colleague. The fast-food giant, in a filing to the U.S. Securities and Exchange Commission (SEC), said, “He [Easterbrook] violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee.” McDonald’s non-fraternization policy doesn’t allow employees to date subordinates, both direct, or indirect. And the chief executive is no exception. “He was a high-performing CEO and there was nothing against his performance. But he made a few transgressions and the board dispassionately fired him,” says Shriram Subramanian, founder and managing director, InGovern Research Services, a corporate governance advisory firm.
Around the same time, the board of India’s blue-chip IT-services firm Infosys was battling to solve issues regarding its senior leadership—not of sexual misconduct, but of other alleged unethical practices. Anonymous whistle-blowers’ complaints have accused the company’s CEO Salil Parekh and chief financial officer Nilanjan Roy of procedural lapses and aggressive accounting practices, among other things. According to InGovern, the whistle-blower complaints can be broadly categorized into three buckets: seemingly trivial complaints on the CEO’s travels and deductions on taxes; ones that relate to bidding for contracts with low or no margin; and of over-recognizing revenues, hiding costs, and consequently boosting margins and profits. It was also alleged that information was withheld from the auditors and the board.
هذه القصة مأخوذة من طبعة January 2020 من Fortune India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 2020 من Fortune India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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