Category Archives: Complaints Against Executives

Executives Cash in as Companies March Toward Bankruptcy 

Neiman Marcus is the latest company to raise eyebrows with a generous performance- and retention-based compensation plan for a group of executives at a time when the company itself is fighting for survival.    In July, investors, furloughed employees and bankruptcy trustee Henry Hobbs howled at the prospect of a $10 million compensation package for the high-end retailer’s CEO and a … Continue reading

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Unexpected Consequences from the Pandemic Shutdown – A Spike in Whistleblower Complaints

There’s a curious byproduct from the COVID-19 economic crisis and business shutdown – a sharp increase in SEC whistleblower complaints and lawsuits filed by workers against employers. From mid-March to mid-May, the SEC reported approximately 4,000 whistleblower complaints, a 35 … Continue reading

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Harassment Skeletons in McDonald’s Closet Hasten CEO Steve Easterbrook Downfall 

Even by today’s standards of board oversight in the #MeToo era, the speed of McDonald’s CEO Steve Easterbrook’s fall was breathtaking. In just four short years at the helm, Easterbrook was credited with nearly doubling the company’s share price and … Continue reading

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For Execs Confronting Extortion Shakedowns, Few Reasons to Participate

A juicy corporate scandal has a unique ability to wipe away billions from a corporation’s market cap with frightening speed, so it’s no wonder that executives are prone to quake when faced with the prospect of responding to the threat … Continue reading

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For Politicians and Business Leaders, Dusty Yearbooks Hide Ticking Time Bomb

A cascade of yearbook scandals and confessions of disreputable behavior is sending quakes through Virginia political circles and beyond after decades-old yearbooks surfaced with references to racial slurs, images of students in blackface and other behavior unbecoming of those in … Continue reading

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C-Suite Lessons from Ghosn’s Nissan Ouster

For Carlos Ghosn – one of the highest-flying chief executives in the world (literally) – home has been a 50-square-foot cell since Japanese authorities announced a series of vague allegations against him for underreporting his compensation and misusing company property. … Continue reading

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Whistleblowers Receive Whopper Payouts as SEC Proposes New Rules to Limit Future Awards

The U.S. Securities and Exchange Commission announced two large whistleblower payouts last week, bringing the total paid-out bounty for the program to more than $320 million since it was created as part of the 2011 Dodd-Frank Act. The $39 million … Continue reading

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#MeToo Zeitgeist Sends Quakes Through C-Suites

CEOs from three big U.S. chipmakers made unexpected career exits for improper behavior in the last two months alone, some on the job barely long enough to get their new business cards. Most recently and perhaps most surprising, Texas Instruments’ … Continue reading

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Dating App Execs Make Failed Tinder-Bumble Merger Personal

A nasty court fight unfolding between Texas-based dating apps Tinder and Bumble has all of the elements of a soap opera drama – romance, unfaithfulness, intrigue and, of course, revenge. The mess began just four years ago with a bitter … Continue reading

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Trump-Daniels Affair Exposes Inherent Legal Challenges with Hush Agreements

There are plenty of clues that the so-called “hush agreement” between Donald Trump and porn actress Stormy Daniels (née Stephanie Clifford) was hastily crafted and poorly thought out. Executed just days before the 2016, the non-disparagement agreement has a wealth … Continue reading

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