Tronc Chairman Michael Ferro became the latest corporate executive to resign amid accusations of unwanted sexual advances when he stepped down from the helm of the newspaper publishing chain in mid-March. Ferro joins a long list of high-profile executives who have resigned—or been fired—in recent months due to alleged sexual misconduct. Indeed, well before Ferro’s departure, it was clear that the #MeToo movement had reached the c-suite, resulting in resignations and terminations at dozens of prominent companies.
These scandals have caught the attention of shareholders and plaintiffs’ lawyers. In 2017 and the first quarter of 2018, shareholders at four publicly … Read more