{"id":13850,"date":"2024-03-20T10:39:36","date_gmt":"2024-03-20T14:39:36","guid":{"rendered":"https:\/\/steelcityre.com\/?p=13850"},"modified":"2024-03-20T10:51:10","modified_gmt":"2024-03-20T14:51:10","slug":"exec-chair-misconduct-allegations-reputation-matters-agenda","status":"publish","type":"post","link":"https:\/\/steelcityre.com\/2024\/03\/20\/exec-chair-misconduct-allegations-reputation-matters-agenda\/","title":{"rendered":"March 20, 2024"},"content":{"rendered":"\n
“Before agreeing to join the board of a controlled or founder-led company, would-be directors need to have a “come-to-Jesus conversation,” one source told Agenda. It can be difficult to rein in a leader<\/a> with so much sway – and the reputation of the board itself could be harmed if stakeholders believe directors sat idly, while the chief or other powerful exec engaged in bad behavior.<\/p>\n\n\n\n TKO <\/strong>attempted to set up governance guard rails around its former executive chair, Vince McMahon<\/strong>, who resigned in January following sex trafficking and other misconduct allegations. The young company’s registration statement carefully outlined how it would work with McMahon, who had already been embroiled in sexual misconduct and hush-money allegations. Those claims dated back to his former company, WWE. Late last year, WWE merged with an Endeavor<\/strong> spinoff, UFC, to form TKO. McMahon owned a controlling stake in WWE and the deal hinged on his collaboration, Endeavor top brass believed.<\/p>\n\n\n\n Still, after the new allegations emerged, TKO’s stock price and reputational value took a hit. Neither has fully recovered, even despite McMahon’s resignation.”<\/p>\n\n\n\n Click on the image above to read more<\/strong> (No Paywall).<\/p>\n\n\n\n