Suing a CEO

Posted by: sadolite

I think single or class action law suits should be able to be brought against CEO's of publicly traded companies who inject their personal politics into the business and cause it to loose money. Macy's for example has lost millions and millions of dollars for it's stock holders because it's CEO chose to inject his/her personal dislike for Trump by canceling lucrative contracts with Trump and causing public dislike for the company in general. The sole and only responsibility of a CEO of a publicly traded com

  • Yes

  • No

33% 2 votes
67% 4 votes
  • This is too ill defined; at what line do actions cross this boundary instead of distancing themselves from what may be bad press, the same argument could be applied for inaction that harms the company through bad publicity. A CEO could even be caught between two political sides do to association with a business partner who has committed a major breach, refusing to distance themselves could lose money and reputation from bad press, however distancing themselves would also be costly and calls of partisanship. If the CEO is hurting the company then they can take steps to remove him, or the public may make clear their dissatisfaction with the company for CEO bad behavior. While a representative should behave in a manner fitting their responsibility they should not have their basic rights to opinion and free speech taken away like you suggest.

    Posted by: Arget
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sadolite says2017-01-07T23:15:00.9791133Z
I don't not have a right to free speech in my work place nor do you or anyone else. CEO's do not have a right to use the publicly traded company they are managing as a bully pulpit to express their political views. Their responsibility is to represent the best interest of the stockholders investment. A CEO's views about social issues is irrelevant to the stockholders bottom line.
Arget says2017-01-11T03:42:56.8531593Z
Yes your employer can fire you for anything you say or do in the workplace, or out of it. However unless that speech is intentionally damaging and a breach of contract (like leaking secrets protected under NDA, or slander against the company) a civil suit would be thrown out because of free speech. This becomes more tricky when dealing with a CEO whose job is to make business decisions and is the face of the company. However the same guidelines for firing and court would apply, so unless you prove that his business decisions were intentionally harming the company and not a move attempting to avoid a potential bad press association, you can try to fire him, but not sue him.

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