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02-21-2018, 04:43 PM | #1 | |
Scooby Specialist
Member#: 1654
Join Date: Jun 2000
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NWIC
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Vehicle:2019 GoCycle GX MV Agusta Brutale S |
Raj Nair - Ford’s President of North America - fired for CoC violation(s)
https://www.businesswire.com/news/ho...-America-Exits
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02-21-2018, 05:18 PM | #2 | |
Scooby Guru
Member#: 67807
Join Date: Aug 2004
Chapter/Region:
MAIC
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02-21-2018, 10:08 PM | #3 |
Scooby Newbie
Member#: 77809
Join Date: Dec 2004
Location: Melbourne, FL
Vehicle:2004 STi Aspen White |
I wonder what his severance package is.
The CEO of my company left suddenly, and the details of why were never publicly acknowledged, although rumor has it that he "behaved inappropriately" with the flight attendant on the company private jet. His punishment was the immediate vesting of all his share options and a $500,000/yr annuity for the rest of his life. |
02-21-2018, 11:38 PM | #4 | |
Scooby Specialist
Member#: 142447
Join Date: Mar 2007
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AKIC
Location: Not so Fair...banks
Vehicle:2019 Audi S3 |
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02-22-2018, 06:30 AM | #5 |
Scooby Guru
Member#: 9481
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A CEO for a company that I work for a while ago had an awesome golden parachute. He came in for just under one year, really accomplished nothing, and then was released with a $55 million contract buyout.
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02-22-2018, 06:38 AM | #6 |
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Lol...probably fired for not being American enough...
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02-22-2018, 09:17 AM | #7 |
Scooby Specialist
Member#: 8489
Join Date: Jul 2001
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BAIC
Location: Atherton, CA
Vehicle:2005 Carrera GT Guards |
And the pussification of America continues - guy can't even get a handy on the private jet anymore - ridiculous I say. They even allow those here - but the attendants are dudes LOL
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02-22-2018, 10:43 AM | #8 |
Merci Buckets
Moderator Member#: 88606
Join Date: Jun 2005
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MWSOC
Location: Michigan
Vehicle:2018 Grand Cherokee Velvet Red Pearl |
When my employer bought another company we acquired a manufacturing plant and it's director. He sucked. He had a parachute in his contract. We paid him to sit at home for 3 years because it was cheaper than firing him.
In regards to Ford, the Code of Conduct violation doesn't necessarily mean sexual harassment. I think it also covers bribery and coercion. Ford cracked down on employees accepting "gifts" from suppliers a few years ago. Ford employees can't accept any gifts from suppliers (food, drink, travel, swag). All purchases must be made with a Ford corporate credit card. Anything purchased with a personal card can't be expensed. One manager was accepting annual all-expenses-paid trips to The Masters in GA, with travel provided by private jet. The same manager was also forcing employees to support his kid's Boy Scout troop in order to receive a favorable performance review. Last edited by Scooby921; 02-22-2018 at 10:55 AM. |
02-22-2018, 02:51 PM | #9 |
Scooby Guru
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Location: Auburn, WA
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