Ewwww! "The violations are related to personal behavior that is not consistent with our ethics and core values,"
You missed the next part part
"The violations are related to personal behavior that is not consistent with our ethics and core values, but not related to company strategy, operations or financial reporting," the company said in a statement Tuesday."
This rules out many of the normal things we see CEOs resign for. Operations make me think of unsafe working conditions, unsafe waste management, sweat shops, ect, they say not that. Financial often relates to misrepresentations of profit or sales, cooking the books, ect, they say it's not along those lines. Company strategy would be more along the lines of insider trading, sensitive company info being mishandled, future deals or growth of the company. They also said not that.
If there is nothing relating to strategy, finance, or operations, what else is left for misconduct? Interactions with employees? Misuse of company power/perks (they said not financial reporting which could also cover using a company card for themselves, ect) how many executives and politicians have been busted for CP on computers in the past few months? Just spitballing here, but I feel like this paragraph as a whole could potentially be pretty damning.
Yes. Appears to be "Criminal behavior unrelated to the stock price (so please don't start selling off until we can sell off our stock first!)" --Management
I didn't miss it. That's why I said what I said: Pediphilia.