When James Hardy fired its CEO Jack Truong this week, it did so in public, with a growing tendency among shareholders to do the right thing.
Shock Dismissal of Jack Hardy, owner of James Hardy The behavior of CEOs is the latest in a series of unimaginable public dismissals.
Boards seem to be comfortable not only with the successful chief executive but also with the reasons behind it. This is probably a trend inspired by the Me Too movement, which in 2017 saw the sacking producer Harvey Weinstein fired from his production company. Weinstein was later sentenced to 23 years in prison.
Truong, naturally, disagreed with the allegations, claiming that he was “blinded by the allegations and explicitly denies the allegations.”
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