Sexual Harassment Fallout For Investors

Recent news headlines have revealed that leading politicians, entertainers and prominent business people allegedly have engaged in sexual harassment and assault. The Weinstein Company, a prominent film production company, is in financial dire straits after multiple harassment allegations have surfaced against one of its founders, Harvey Weinstein. These cases are career enders for the named individuals and have significant financial consequences for executives and shareholders at the companies involved. The reputational harm to these companies could jeopardize their bottom lines. Although the stock market is currently roaring, in a tougher market it’s not a stretch to imagine shareholders dumping stock of firms that have sexual harassment issues. A recent blockbuster legal settlement suggests that this dynamic may not be limited to holding the individuals involved accountable. Shareholders and their attorneys may also launch efforts to hold other executives at the…

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