If Gov. Eliot Spitzer does resign over his involvement in a prostitution ring, he’ll be joining at least 14 chief executive officers who were ousted from their positions last year over some illegal or unethical behavior. That’s according to John Challenger, an outplacement executive in Chicago, who monitors the comings and going of such high-level executives.
He points to Chris Albrecht of HBO, who resigned in the wake of his being arrested for allegedly assaulting his girlfriend. Also the chief executive of a Michigan bank, arrested for arranging to have sex with a minor.
"It is further evidence that personal behavior, which at one time might have been swept under the carpet, is now grounds for immediate departure," said Challenger in a media release.
At least eight of the 31 chief executives who were fired in 2006 left over improper behavior, he says, such as inflicting physical abuse or soliciting a prostitute.
--Patricia Kitchen
Comments (1)
This isn't about personal behavior. This is about federal crimes that it appears he committed including money laundering.