Riley Drake, as CFO of a company that provides management services for trade shows, witnessed a budget crisis unfolding after a number of clients canceled orders last year. Drake saw the need to reduce overhead to keep the company within budget, and he believed that the company had little choice but to lay off one of its workers.
In a bold step, Drake decided that he would resign his position so that none of his colleagues would have to be laid off. His CEO was surprised at his willingness to sacrifice his job, especially in the midst of a deep recession, but she accepted his resignation.
Drake then decided to start his own business, CFO4Lease, to offer financial guidance and assistance to small and mid-sized companies that aren’t yet large enough to afford a full-time chief financial officer.
We commend good bosses like Riley Drake who place the well-being of their employees above their own. We support Drake in his new endeavor, and we encourage companies to do business with CFO4Lease.
The ReallyBadBoss.com website mentioned the recent David Letterman controversy which has swept news headlines nationwide. Letterman was the target of a $2 million blackmail scheme carried out by CBS 48 Hours producer John Halderman, who had threatened to publicize Letterman’s affairs with a number of his employees.
Here’s the ReallyBadBoss.com take on the David Letterman scandal: “We covered the dangers of even consensual boss/subordinate relationships a couple of weeks ago. Besides being a morale buster, it opens employers up to the threat of lawsuits. And frankly, I don’t buy the argument that every consensual boss/subordinate relationship is, well, consensual. When the person who signs your paycheck tells you he wants to sleep with you, the balance shifts, and what would be an easy ‘hell no’ in any other circumstance becomes a little less cut and dry.”
Should bosses who have sex with their employees be considered toxic and unfit to continue managing their employees?
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Posted in Bad Boss News, Bosses in the News, Toxic Workplaces
Tagged bosses who have sex with their employees, CBS 48 Hours producer John Halderman, David Letterman, DeniseD, eBossWatch, hostile work environment, John Halderman, Letterman, Letterman having sex with his employees, rate my boss, rate your boss, sexual harassment, sexual harassment and retaliation lawsuit, sexual harassment lawsuit, Toxic Workplaces, working with jerks