Monday, February 18, 2008

Firing Executives for Their Ethical Lapses


Late last week, MSNBC reported on the twisted tale of David Colby, a former health insurance CFO who was fired for misconduct of a “non-business nature." Turns out, that misconduct is alleged to have included the mistreatment of several women, whom he was purported to be having affairs with and making false promises to.

This is a tricky topic. On the one hand, how employees behave in their private lives should be their own business. But on the other hand, it's foolish to say that employees who misbehave on their own time aren't a a poor reflection of their company. They are. This is especially true for organizational leaders, who often have a high public profile and an obligation to set a good example for their employees, especially when it comes to demonstrating sound ethics.

See full Article.