Is your new CEO a liability?

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 27 September 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

What's cooking in the executive suite? Today, delve deep into the world of corporate investigations. Learn how checking the facts can avoid some seriously salacious scandals.

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Transcript

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0:00.0	NPR.
0:03.6	Every week it seems like there is a new story of bad behavior from company leaders.
0:17.5	Like take Dan Price.
0:19.3	He's that long-haired taxi EO who's kind of famous for his left-leaning feel-good posts
0:24.7	on LinkedIn and Twitter.
0:25.9	Oh, a long-haired LinkedIn laureate.
0:29.1	A left-leaning long-haired LinkedIn laureate, yeah.
0:31.7	But there was some dark stuff behind the scenes.
0:35.0	Dan Price recently faced sexual assault allegations and then resigned from his company Gravity Payments.
0:41.0	Remember Adam Newman, the WeWork guy?
0:43.5	He's actually now back courting investor money and we could actually go on.
0:49.0	And these aren't just salacious scandals.
0:51.4	They really hurt everybody involved with the company.
0:54.8	When we work canceled its IPO, it laid off 2,400 workers.
0:59.2	And if you're a venture capitalist or on a company board, you probably want to avoid working
1:04.0	with a CEO who's likely to implode or even defraud investors.
1:08.6	Yeah, hopefully.
1:09.9	And that is why before you make a big hire, you bring in a person like Jen Hor, corporate
1:15.2	investigator.
1:17.2	Investigative work is looking for connections between people and companies and mapping out
1:28.1	relationships.
1:29.9	Like with strings on a chat, like a serial killer chat.
	...

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