CEO exits have become quite frequent over the years. With dipping business performance, ethical lapses, closer investor scrutiny, government and regulatory scrutiny, public scrutiny and need to ensure that an organization appears responsible – CEOs who fall on any parameter are shown the door. In the US, 1160 CEOs have quit till date (Sept 2019). The…
Tag: Scott Painter
SoftBank-backed Fair.com lays off 40% of staff, sacks CFO
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•Fair.com, a startup offering flexible car leases, will be laying off about 40% of its staff. As a part of this downsizing exercise they are also letting go their CFO, Tyler Painter, the brother of the CEO and co-founder Scott Painter. The lay-offs are being considered as a key step for the business to get…