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Stock impact report

Howard Levitt: Are companies liable for the misconduct of their execs or employees? [Financial Post (Toronto, Ontario, Canada)]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Company Research Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. By Howard Levitt and Jeffrey Vandespyker The recent criminal charges against Canadian billionaire Frank Stronach , the 91-year-old founder and former chief executive of auto-parts maker Magna International Inc. , are another example of a prominent business figure accused, years later, of sexual assault. The complaints span from 1977 to as recently as this year, and while we don't yet know whether any of the alleged incidents took place in an office setting, some of them do coincide with Stronach's tenure as Magna's CEO. The case, along with that of another high-profile Canadian businessman, Peter Nygard , reignited conversations about workplace harassment and whether companies can be liable for the misconduct of their executives or employees. When Harvey Weinstein 's serial sexual assaults were exposed in 2017, the ensuing #MeToo movement inspired victims around the world to break th Show less Read more
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