Compensation Committee Mistakes When Hiring CEOs

An astonishing number of companies have suffered embarrassment and worse after it was discovered, sometimes years after the fact, that their CEO had lied on his or her resume. That is, told lies, not just what Huck Finn called “stretchers.” Attorney Frederick D. Lipman from the Blank Rome law firm details some examples from Yahoo!, RadioShack and MSG Capital, among other major organizations. He notes there is one way to bring the chance of this happening at your company down to near zero. Failure to take this relatively simple step, he says, is one of three common mistakes companies make when hiring a CEO.