The Magazine of Corporate Responsibility

Tag Archive for ‘CEO’

Study: Financial Fraud Often Results in Bankruptcy

The study found that news of an alleged fraud resulted in an average 16.7 percent abnormal stock price decline in the two days surrounding the announcement. Companies engaged in fraud also often experienced bankruptcy, delisting from a stock exchange, or asset sale, and in nine out of ten cases the SEC named the CEO and/or CFO for alleged involvement, the study found.

Beauty and the CEO: Looks Matter (Seriously)

There is a “significant relationship” between an executive’s facial traits and the chances that he or she will rise to the job of chief executive, according to a new academic paper. The study found that CEOs who appear more competent-looking – even though they may not be – also tend to get paid more.