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New York Governor Eliot Spitzer is expected to resign as a result of his involvement with a prostitute who charged $5,500 an hour. Since he was moving money around in a possibly illegal way, Spitzer could get some hard time for his frolic (probably frolics). Chief executives of companies are getting fired for such indiscretions, too, says the Chicago outplacement firm of Challenger, Gray & Christmas. Last year, 60 chief executives were fired or forced to resigned; 14 were involved in illegal or unethical behavior. The chief executive of HBO resigned after being arrested for allegedly assaulting his girlfriend in Las Vegas. The chief executive of a Michigan bank was fired after pleading guilty to arranging to have sex with a minor. In years past, the board would look the other way at such monkey business, but not anymore, says Challenger, Gray.
New York Governor Eliot Spitzer is expected to resign as a result of his involvement with a prostitute who charged $5,500 an hour. Since he was moving money around in a possibly illegal way, Spitzer could get some hard time for his frolic (probably frolics). Chief executives of companies are getting fired for such indiscretions, too, says the Chicago outplacement firm of Challenger, Gray & Christmas. Last year, 60 chief executives were fired or forced to resigned; 14 were involved in illegal or unethical behavior. The chief executive of HBO resigned after being arrested for allegedly assaulting his girlfriend in Las Vegas. The chief executive of a Michigan bank was fired after pleading guilty to arranging to have sex with a minor. In years past, the board would look the other way at such monkey business, but not anymore, says Challenger, Gray.