In an increasingly competitive investment environment, bad leadership is putting companies in the spotlight for all the wrong reasons
What kind of CEO behavior attracts the wrath of investors? James Grant, senior director of investor relations at Radio- Shack, found out first-hand earlier this year when a local newspaper published stories revealing the company’s CEO’s third drunk driving arrest, along with serious discrepancies in his resume. Coming after a series of earnings shortfalls, this news didn’t play well with investors. ‘It was the CEO against the newspaper and the world,’ Grant remembers.
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