You're watching...

Impact of CEO Scandals on Companies

Details

  • Description

    FBN’s Liz MacDonald on the CEO scandals over the years such as the recent allegations against former Best Buy CEO Brian Dunn.

  • Duration 4:17
  • Date

Clips

Also in this playlist...

Business Leaders

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

O'Brien Ben -- as CEO of Best Buy after the company board wants an investigation into his personal conduct.

The retailer now investigating whether he -- -- coming resources for an affair with a subordinate.

Here at the latest fox business's Liz -- -- on the CEO is gone wild.

Those worried yet bedroom is the what is it what you say it was a CEO FedEx and sex in the boardroom fix that -- in CEOs.

America -- here's the deal yeah I mean this is a stunning development because this a company that just -- going to restructure itself right and then two weeks later lo and behold it's a comes to light.

That Brian.

28 year veteran with Best Buy.

Allegedly was having an affair with this female subordinate.

Who is in the leadership.

And program and at tech companies Minneapolis headquarters in our factories we have -- Brian -- Twitter.

He tweeted about this earlier.

In the week and also a Twitter.

Tweet from Magic Johnson who -- since -- you're -- -- here's Brian -- He's saying that he worked past tense.

At Best Buy for 28 years and he's a tech gadget junkie and then we have a tweet from Magic Johnson the former NBA best books.

That's what they're saying to my friend Brian -- a heart -- thank you always give it back to the community and god has another important job.

For -- so this is a lesson we hear from Brian -- He's not commenting on this -- you know we've been here before right Tracy with CEOs gone wild than sex and then.

Sex and the CEO yeah you know when the bedroom -- -- and that's that's trying to say earlier.

But you know what is so we think they that they don't Wall -- Tracy is are we losing a great CEO now.

I gotta say before we get that quickly the audit committees investigating they have a former SEC enforcement director and when you hear that you -- -- -- -- -- but that's bad.

OK I think it's beyond sex in the boardroom -- if it happens it happens yeah who cares what you do.

Yeah I mean -- don't pay for with shareholder money I think that's what it comes down that's it comes that is that the -- committees investigating and apparently has been investigating for awhile now yeah we just find this out right.

But that's really what it is I mean I don't think people want to get into your bedroom stories -- and I think in this -- -- I think investors are so precious to think that CEO.

-- all Boy Scouts and don't have sex.

But the issue is you're right -- what are they doing with shareholder money on the job that's a question -- is something there's been a long history of executives.

Not being Boy Scouts on the top -- member and and Brian women to -- -- where I got another week it got to -- to that but but let's look at Mark -- we know that he spends.

HP's money on this woman I find -- of that but I -- -- -- that's what happened with Jodie Fisher.

-- you know Mark Hurd was shoved out the Tories have Oracle and Larry Ellison who runs Oracle said.

You know letting them and -- Mark Hurd go for HP to let Mark Hurd go is -- the stupidest move.

-- they ranks up there with apple firing Steve Jobs the jobs years ago because mark her prescription company so there's always that debate -- let the guy go.

Where at Ford serious -- -- keep them.

If he's really going gangbusters for the bottom -- the other big agreed to -- is David Colby at well point to as the CFO.

He had at least a dozen women on the side -- seeing some of them at the same time Tracy sitcom so yelling he was pushed out and then the other one is that -- Charney and American Apparel.

Who has been accused a -- -- sexually graphic and -- say and that is why the stock prices up we'll turn the line I take out to -- who cares.

They've noted those who are really -- step because.

There was serious allegations but -- -- one that was always problematic for a lot of people almost it was Harry stonecipher.

Who was called in to Boeing.

And help to run that company is -- -- a retirement he had a -- -- with a female subordinate.

They did not violate Boeing's codes of conduct but the board let him go because -- of those -- embarrassing now what happened with Harry stonecipher.

Was Boeing was coming back from the military procurement scandal.

Right so they were coming off the map from the really embarrassing chapter I think -- bottom -- do what you wanna do where you want to do it nobody really cares but W shareholder money that's at bottom line right.

About that so will be staying on this we'll get back to -- hear anything else out of let's not manifest by CEOs gone wild was -- -- -- sure.

-- -- --