Trading the Corporate Uniforms for the Serial Numbered Orange Jumpsuits
When Wall St. have been hit by criticisms, it’s bosses have also faced several scandals. Here are some of the issues about some of the CEO of big companies in the US.
The Wall St. had been hard hit by the recession that culminated as early as 2008 and Washington responded with tolerance briefly with George W. Bush during the end of his term and with a painful whip during Barack Obama’s reform policies. Wall Street reform bill has just been recently signed by the President and a number of provisions in the stimulus bill have become a nightmare to the Wall St. Care to know the real score on these? It was alleged that while a regular employee would work hard with just pair of tuxedos for workwear uniforms, the federal government found out about the lavish lifestyles and the bonuses the CEO’s are receiving for themselves without regard on their responsibility first to the government and to their employees. But this is not something that employees should fret about as aside from the government taking actions to regain balance and transparency in the Wall St., there are also issues that takes its course exposing most of the biggest CEOs to their concealed wrongful actions letting them exchange their corporate uniforms to a plain serial numbered orange jumpsuits given by the department of penitentiary of course for prisoners.
Just this August, another one bites the dust in the person of Mark Hurd, the renowned CEO of HP. He resigned amid the allegation of him concealed a supposed sexual relation with an HP employee. But he swiftly dismissed the allegation but investigators found out he falsified documents and incurred a total of $20,000 false expenditures to hide his escapades. But Mark Hurd was not been jailed yet and he promised he will pay the amount due of him.
Martha Stewart, a cooking celebrity stalwart is included in the lists of CEO’s who traded their corporate uniforms for a jail sentence when in 2004 she has been jailed for conspiracy, lying to federal inquiry about a deal, and obstruction of an agency’s proceeding. Just the same year after five months, Stewart is free again and hung the orange jumpsuit. This time, she’s back in the business and is worth double that before.
Our sympathies are on Ton Hayward when he vacated his post at BP amid the controversial spill that almost toppled the world out of concerns on a possible environmental catastrophe. But Hayward is called to resign maybe out of moral or ethical issues concerning how he managed the spill and the actions needed. Unlike his successor, John Browne, the BP CEO replaced by Hayward has been in a rather grim ouster events. Browne has been charged with perjury when he lied to a court about how he and his boyfriend Jeff Chevalier met. Browne said they met a park when jogging when in fact it was through an escort agency site.
Of these, nothing more amounts to the false claims made by then RadioShack CEO David Edmondson. For more than 11 years of being the CEO of RadioShack Edmondson admitted in 2006 that he falsified his resume putting in degrees he had not graduated in and stated universities that he had failed to attend to.
These are just a portion of some issues that we see Wall St. is struggling from. Businesses are good but it would also take goodness from the persons running the business to make it fare above just the usual.
Resources:
George’s experience as an HR Officer gives him the benefit of tackling some of the most controversial issues men in corporate uniforms face.
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