Corporate Leadership
CEOs Fired for Office Affairs Are Rarer Than You Think
- Seven US company CEOs have been fired since 2017 for affairs
- A majority of workers are or have been in an office romance
Alan Shaw’s departure added to a record year for CEO ousters.
Photographer: Al Drago/BloombergThis article is for subscribers only.
It might seem like CEOs are always getting in trouble for dating subordinates. But it’s actually pretty rare for a company to explicitly fire them for it.
Thursday’s ouster of Alan Shaw as Chief Executive Officer of Norfolk Southern Corp. is just the seventh time since 2017 that a large US company has said it pushed out its top boss for an office affair, according to data from exechange.com, which tracks CEO departures for businesses in the Russell 3000.