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Kohl’s CEO fired after making ‘highly unusual’ business deals with his romantic partner, report says (finance.yahoo.com)

submitted 3 weeks ago by jordanlund@lemmy.world to c/business@lemmy.world

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USA Today reports this too, but skirted the real issue:

https://www.usatoday.com/story/money/business/2025/05/01/kohls-fires-ceo-ashley-buchanan/83386823007/

Buchanan was fired after he violated company policies by directing Kohl's "to engage in vendor transactions that involved undisclosed conflicts of interest,"

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[–] reddig33@lemmy.world 45 points 3 weeks ago (7 children)

Why would Kohls hire the ex-CEO of Bed Bath and Beyond to begin with? So he could drive Kohls out of business too?

[–] Quill7513@slrpnk.net 27 points 3 weeks ago (2 children)

large shareholders make a shit ton of short term cash when a company goes out of business

[–] Beldarofremulak@discuss.online 15 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Mitt Romney called that "Business Innovation" when he ran and every dumb fuck conservative (these were pre MAGAts) ate that shit up.

"We needa run this cuntry lika bidnass"

[–] Sineljora@sh.itjust.works 4 points 3 weeks ago

Romney, from Bain Capital Management who would use rogue consultants to short and bankrupt Amazon’s competitors? No way lol

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