When Leaders Fall: Top Executives Who Got Unexpectedly Axed

In a dramatic corporate shake-up, Kohl's swiftly terminated its recently appointed CEO, citing serious misconduct that warranted an immediate dismissal "for cause." The abrupt departure signals a growing trend among corporate boards to abandon diplomatic language when confronting significant ethical or performance-related issues.
When leadership failures are deemed substantial, companies are increasingly choosing direct and unambiguous communication, stripping away traditional corporate euphemisms. Kohl's decisive action underscores the board's commitment to maintaining high standards of corporate governance and accountability, even if it means making tough, public decisions about top executive leadership.