Word: ceos
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Dates: during 1990-1999
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...Baker & McKenzie who sensitized corporate America to the consequences. The precedent-setting $3.5 million award that Rena Weeks won last year against the law firm could not have have been far from the minds of directors at W.R. Grace & Co. when they ousted the firm's president and CEO, J.P. Bolduc. Last week the board acknowledged that evidence of sexual harassment was the real reason for his March 2 departure, and in the process created a new corporate milestone. "This is the first time that a company has taken the action of having a CEO leave apparently because of sexual...
...limited nominations to the board to candidates under the age of 70. Directors also decided to whittle the number of board members from an unwieldy 22, many of whom had been close associates of J. Peter Grace, to a more manageable 12. And with Grace gone and the CEO job still without a permanent occupant, some insiders may have been worried that the shareholders might press to bring back Bolduc, a prospect that apparently led to the leak of the proxy statement...
...fair, the company noted in lawyerly prose that Bolduc, who is married and has four children, "vehemently denied and continues to deny" any sexual misconduct. Grace further pointed out that none of the women who came forward has so far filed any formal harassment complaint against the former CEO. As a result, Grace said, its directors decided "to request Mr. Bolduc's resignation, but not to seek his termination for cause...
...wouldn't call him just another CEO," addsHerschbach, a Nobel laureate in chemistry...
...Willard Fair, President and CEO of the UrbanLeague of Greater Miami, told the group thatdifferent groups of kids are facing differentchallenges, and programs should be designed notuniversally, but to meet their individual needs...