Yahoo CEO Scott Thompson lasted just four months before revelations of rsum padding forced him to resign over the weekend.
Zac Bolick's insight:
This article discusses the increasing turnover of corporate CEO's as a result of ethically questionable actions. It notes an increase of 5% turnover in 2011, as well as, a substantial decline in ten-year length from 10 years in 1990 to just over 5 years in 2013.
The relationship between CEO's and the board of directors is also mentioned. That is to say the relationship between the two has changed drastically over the last few years. Now that these boards are being compensated with stock options they are not longer as motivated to side with CEO's some might feel are buddies.
At any rate the face of business is changing as a result of globalization and the Internet. Our newly tech savvy consumer and public will no longer tolerate lax moral decisions.
With consumers using social networks in their droves and web-enabled businesses having to control their presence on those networks, the advent of social media management systems was all too predictable.
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