Tycoons in trouble: From corruption to sexual harassment
1/6
Too big to fall
Numerous executives at big companies have been subject to investigation or prosecution in recent years, amid a broader crackdown on corruption, sexual harassment etc.
Have a look at some of the controversial faces from the industry.
Have a look at some of the controversial faces from the industry.
2/6
The auto maker
Carlos Ghosn, Chairman and CEO, Nissan
CHARGES: Under-reporting his pay to regulators and personal use of company assets, among a long list of alleged misdeeds.
RESULT: Arrested in Japan on these charges, with Nissan set to oust him from his role.
CHARGES: Under-reporting his pay to regulators and personal use of company assets, among a long list of alleged misdeeds.
RESULT: Arrested in Japan on these charges, with Nissan set to oust him from his role.
3/6
Flip in the Kart
Binny Bansal, Co-founder and group CEO, Flipkart
CHARGES: Improper disclosures about a personal matter which was later revealed to be a consensual affair with a former employee.
RESULT: Bansal resigned from the ecommerce firm he cofounded, but has held onto his board seat.
CHARGES: Improper disclosures about a personal matter which was later revealed to be a consensual affair with a former employee.
RESULT: Bansal resigned from the ecommerce firm he cofounded, but has held onto his board seat.
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4/6
The Kochhar effect
Chanda Kochhar, former MD and CEO, ICICI Bank
CHARGES: Alleged conflict of interest in doling out loans to entities having business interests with her husband.
RESULT: Decided to retire early from her job as CEO, even as a law firm tasked with investigating her conduct in 2016 withdrew its findings. Another independent investigation is ongoing.
CHARGES: Alleged conflict of interest in doling out loans to entities having business interests with her husband.
RESULT: Decided to retire early from her job as CEO, even as a law firm tasked with investigating her conduct in 2016 withdrew its findings. Another independent investigation is ongoing.
5/6
Mixing business with pleasure
Mark Hurd, former CEO, HP
CHARGES: Sexual harassment by Jodie Fisher, an actress and a host at company events, and not following norms following the disclosure of his misdeeds.
RESULT: He was fired by the board.
CHARGES: Sexual harassment by Jodie Fisher, an actress and a host at company events, and not following norms following the disclosure of his misdeeds.
RESULT: He was fired by the board.
6/6
Fired and blacklisted
Harvey Weinstein, Co-founder, The Weinstein Company
CHARGES: A sordid history of abusing his position and power to sexually harass and assault young actors.
RESULT: Fired from his own company and blacklisted by Hollywood, he went into a treatment programme to deal with his issues.
CHARGES: A sordid history of abusing his position and power to sexually harass and assault young actors.
RESULT: Fired from his own company and blacklisted by Hollywood, he went into a treatment programme to deal with his issues.