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CEO Scandals Dog Companies for Years

Even after a chief executive is fired, he or she may continue to bring negative press to the company for five years or more, according to a new study.

By Jeff Green, Bloomberg | Updated on May 10, 2016

Damage from media coverage of LendingClub Corp.’s ouster of its chief executive officer, after an internal review found abuses tied to the sale of a loan, may take years to fade.

The fallout from a lying, cheating, embezzling, or offensive CEO can linger to soil the reputation of a company for an average of five years after an incident has passed, according to a Stanford University analysis, being released this week, that studied 38 examples of bosses behaving badly from 2000 to 2015.

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