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RBC's Ex-CFO Says She Was a Candidate for CEO Before Bank Fired Her Over Relationship.

Authors :
Xu, Chunzi
Decloet, Derek
Source :
Bloomberg.com; 8/12/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Nadine Ahn, the former CFO of Royal Bank of Canada (RBC), claims that she was a candidate for the CEO position before being fired due to a personal relationship with a colleague. Ahn and the colleague, Ken Mason, have filed separate lawsuits for wrongful dismissal and are seeking tens of millions of dollars in pay and damages. RBC alleges that Ahn violated its code of conduct by having an undisclosed close personal relationship with Mason, which led to preferential treatment. Both Ahn and Mason deny having an affair and argue that RBC's press release falsely insinuated their relationship. RBC has stated that the claims are without merit and that there was a significant breach of its Code of Conduct. The lawsuits provide insight into the inner workings of RBC, and both Ahn and Mason are seeking substantial compensation. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
178967688