(University of Missouri-Columbia) Adam Yore, an assistant professor of finance in the University of Missouri Trulaske College of Business at the University of Missouri, shows that personal indiscretions by executives can have multimillion dollar consequences for the companies that employ them.Yore and his co-authors examined 325 instances of executive indiscretions. The analysis found an immediate loss in shareholder value of 4.1 percent or $226 million when CEOs were involved in the misstep.
from EurekAlert! - Social and Behavioral Science http://ift.tt/2lP4HzD
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