ridenrain ridenrain:
Letting the CEO resolve the problem would have been better than firing the whole board. That reeks of a desperate cover up.
According to the story the whole board resigned (probably just lip service to avoid firing granted). More like blame defection than cover up, but still as CEO she should have been aware and able to curb these activities instead of letting their accounts payable clerks just sign off on whatever thay wanted.
I think she will probably win her case in the end though.