Wednesday, March 14, 2012

In Wake of Appleton Crash, WSJ Examines CEOs' Risky Hobbies

Posted By on Wed, Mar 14, 2012 at 1:27 PM

Today's Wall Street Journal examines corporate America's problem with high-profile CEOs and their high-flying habits. In particular, the newspaper refers to Boise's Micron Technology and how the company is still reeling in the wake of Steve Appleton's fatal plane crash last month.

"The fatal accident has intensified an already fierce debate over whether public companies should let chief executives fly planes or pursue other risky hobbies," wrote the Journal's Joann Lublin.

William Mower, a partner at the law firm Maslon Edelman Borman and Brand, advises boards about corporate governance and said a boss' hobby "is something the directors should be worried about."

"The Micron tragedy should be a wake-up call for boards," said Mower.

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