In this article:
Nestlé S.A. just delivered a thunderclap to corporate boardrooms everywhere: it fired its chief executive for cause. Not resigned. Not “retired to pursue other opportunities.” Fired. With no severance, no notice, and certainly no golden handshake. No one is too important to fire — not even the CEO of a multibillion-dollar company.
For the world’s largest food company to take this extraordinary step shows how corporate governance has changed. If a global behemoth will summarily dismiss its top executive, what hope does the middle manager in Toronto or Calgary have when they cross the line?
Boards do not need a quasi-criminal act to end your career. In today’s workplace, embarrassment suffices.
Dismissal for cause is the employment law equivalent of capital punishment. It is the employer declaring: “Your misconduct is so egregious, we owe you nothing.” No compensation for decades of service. Nothing.
The bar for proving cause is high, but boards are increasingly willing to clear it. Why? Because the cost of inaction — lost investor confidence, stakeholder fury, reputational implosion — is higher still.
From iconic on-screen couples to tangled webs of fictional workplace drama, office romances have always fascinated. But unlike in the movies, real-life relationships at work come with landmines: favouritism, conflicts of interest, discrimination claims and harassment allegations.
The most common corporate sin is not embezzlement or fraud. It is hubris. And...
Claims that Brigitte Macron is a transgender woman first emerged online in 2021 and have since gone viral. “Two billion people have been exposed to this story in French and 2.5 billion in English,...