Business
Corporate Boards Are No Longer Afraid to Say a CEO Was Fired
- The days of "spending more time with the family" may be over.
- Companies probing misconduct claims are moving much faster.
Photographer: Getty Images
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If recent history is any guide, Leslie Moonves won’t have to wait long to know if he still has a future at CBS Corp.
Boards are acting more quickly than ever to fire executives accused of misconduct, and they’re more likely to be clear about the reasons, according to two new studies. CBS’s board was meeting Monday, and thus far independent directors have expressed support for the 68-year-old chief executive officer, who was accused of sexual harassment by six women in an article published in The New Yorker.