Lindsay Frost, Agenda, August 11, 2025
Social media erupted last month when footage at a Coldplay concert revealed that tech company Astronomer CEO Andy Byron was having an intimate moment with Chief People Officer Kristin Cabot. But such an incident is not isolated.
Between Jan. 1, 2017, and July 20, 2025, there were 44 CEOs at Russell 3000 companies who left related to misconduct allegations, seven of which were linked to employee relationships, according to an Exechange analysis of CEO departures. Both Byron and Cabot stepped down shortly after the video made waves.
Social media and heightened employee scrutiny have made these incidents more public and thus created a bigger impact on company reputation, sources told Agenda. For boards, it’s increasingly important not only to ensure the CEO is aware of and signs policies related to employee relationships and codes of conduct broadly, but also to have strong communications, succession and other mitigation plans in place to take charge of and restore stakeholder faith in the company if such an event occurs.
“We are in a transition from the ‘wink-wink, nod-nod, just don’t let us catch you’ period to now saying, ‘If we ask our people to abide by these rules, we have to abide by them, too,'” said Davia Temin, president and CEO of management consultancy Temin and Company Inc. And it’s up to the board to lead this effort, she added. […read more]