For me, the following statement stood out - The committee asserted that any missteps Watson had made were rookie CEO errors, and that she “engaged in a conscientious…process to maximize value for the Company’s stockholders.”.
I think there is too much focus on maximizing shareholder value and too little on doing business with integrity. Shareholders should get returns because a company is well-run and solves a problem. Otherwise, we are building a system that robs common people to pay the rich.
The sad part about this is that if she raised any issues with the nickname, she would be labels as not a team player.
The fact that CEO didn’t have any foresight to not know how this is problematic is beyond me. She must of really not liked her and wanted to passively be a bully.
I think there is too much focus on maximizing shareholder value and too little on doing business with integrity. Shareholders should get returns because a company is well-run and solves a problem. Otherwise, we are building a system that robs common people to pay the rich.