Following an internal investigation, Nestle has dismissed its chief executive, Laurent Freixe, due to a failure to disclose a romantic relationship with a direct subordinate. The investigation was triggered by a report made through the company’s whistleblowing channel and was overseen by Nestle’s chair and lead independent director, with the support of external counsel. Mr. Freixe, who had been with the company for nearly 40 years, was replaced by Philipp Navratil, and he will not receive an exit package. This decision aligns with similar actions taken by other major corporations, such as BP and McDonald’s, who have also parted ways with their CEOs over undisclosed relationships with employees.
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In the wake of the viral Coldplay concert video scandal, Astronomer’s Head of Human Resources, Kristin Cabot, has resigned. This follows the resignation of former CEO Andy Byron, who was identified in the video that showed a pair hiding from the camera during the concert. While the company has not confirmed the identities, it launched a “formal investigation” and released statements about the matter, referencing the intense media attention it has received. The incident has led to significant online scrutiny and widespread discussion, with the video amassing millions of views across multiple platforms.
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Following online criticism of a video depicting CEO Tom Hill seemingly performing a Nazi salute at a company event, Hill resigned from Engineered Structures, Inc. (ESI). In response, ESI announced internal restructuring, including a new Corporate Responsibility Task Force and the appointment of Neil Nelson as CEO. Boise State University, a past ESI client, acknowledged the incident and expressed its expectation that ESI uphold its commitments to address the situation. The company aims to move forward with a renewed focus on compassion and ethical conduct.
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John Q. Hosedrinker