Jonathan Szabo of Meridian Compensation Partners spoke with Corporate Board Member about how boards can navigate the uncharted territory of involuntary retirements from CEOs and how to craft their exit packages.Â
2018 was a busy year in America’s boardrooms, and directors took the time to share their insights with Corporate Board Member about how they do their jobs and what kind of mindset boards need to have in order to be effective.
Just as the CBS board once ignored Les Moonves’ alleged misconduct, they now face a new distraction from the departed CEO.
The news of Carlos Ghosn’s arrest for defrauding Japan’s tax authorities is setting off alarm bells in headquarters all over the world.
Scandals can and will continue to happen suddenly and without warning. This could be a major cultural moment for your company, so make sure you are ready.Â
CBS should have suspended former CEO Les Moonves and conducted a more prompt investigation, let alone not given him the keys to the company’s pay vault and the weapon of governance litigation to fight board oversight.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.