RBC Says Former CFO’s Texts Show Romance With Another Executive
https://www.bloomberg.com/news/articles/2024-08-1…
*title Don’t mess with RBC !
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Does she have a lazy eye or am I tripping?
LowCaliberTalent
I don't get it. How is a supposed relationship between an executive and an employee considered grounds for firing? Same thing happened with Bernard Looney, former boss of BP. Is it simply because the executive in question has the influence to elevate the employee's career internally? Like, why is it such a big deal that it commands the front pages of Bloomberg/others? Or is it just hot gossip?
answer: "undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases"
Lots of factors come in to play, I guess one being RSUs in the form of unvested shares, RBC board probably views these situations as a cost cutting measure ; 1) fire the female cfo, 2) Save money, live better (buy Walmart shares using the newly secured RSUs), and 3) hire an upcoming male CFO
Tbh it’s quite unsurprising a strong balance sheet bank, such as RBC came to this solution.
It seemed that she was a good CFO based on experience. I think they just wanted to get rid of her and had strong evidence to back this case. Alot of execs equally has this amount of dirt but are untouchable.
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