Kohl’s CEO fired after making ‘highly unusual’ business deals with his romantic partner, report says
Kohl’s CEO fired after making ‘highly unusual’ business deals with his romantic partner, report says
CEO Ashley Buchanan took on the role in mid-January
USA Today reports this too, but skirted the real issue:
Buchanan was fired after he violated company policies by directing Kohl's "to engage in vendor transactions that involved undisclosed conflicts of interest,"
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Why would Kohls hire the ex-CEO of Bed Bath and Beyond to begin with? So he could drive Kohls out of business too?
In all seriousness, this is viewed as a sign of a risk-taker. Many corporations find themselves stuck and afraid of change, so this can change the direction. It's related to the concept of "move fast and break things".
I have no idea how often this approach works.
Bed business is bad for business