Ted Baker CEO Resigns After Misconduct Allegations
- Shares decline as much as 5 percent after founder departs
- Exiting CEO owns about 35 percent of U.K. clothing chain
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Ted Baker Plc Chief Executive Officer Ray Kelvin resigned from the U.K. apparel chain amid an investigation of his conduct, the latest in a string of men to be unseated by allegations of behavior demeaning to employees.