, Columnist
Can CEOs Really Have Private Lives?
The firing of Kohl’s chief Ashley Buchanan raises questions about how much boards should know about what executives do when they’re off the clock.
CEO no more.
Photographer: Business Wire
When the Kohl’s Corp. board fired its chief executive on Thursday, less than four months into his tenure, the struggling retailer’s stock soared.
Kohl’s announced that it had terminated Ashley Buchanan for cause, having discovered he directed millions of dollars of business to someone with whom he had an undisclosed personal relationship.