Should a CEO caught having an extra-marital affair have to resign? Or might there be a hidden benefit in such activity?
As the great journalist HL Mencken said, a Puritan is someone afflicted with ‘the haunting fear that someone, somewhere, may be happy.’ Clearly, the guys in tall black hats haunt the board of Boeing: when recently resigned CEO Harry Stonecipher chose to have an affair, he didn’t commandeer a jet for a personal excursion into the Mile-High Club.Instead, the affair seems to have been conducted with the utmost propriety: Stonecipher’s lover did not report directly to him,
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