When Mass Mutual fired Robert O'Connell as CEO, there were rumors of an affair, nepotism, his management style and his unacceptable use of a shadow account. The matter has been winding its way through the judicial system.
Yesterday, the report which was the basis for O'Connell's firing was released. The investigator who wrote the report did not find evidence of either an affair or nepotism. He did find evidence of financial chicanery.
As to management style, this is what the report said, "The tone set by O’Connell focused almost exclusively on fealty to O’Connell and his chosen acolytes. MassMutual personnel quickly understood that their primary role was to please O’Connell and to permit him to do as he pleased. Any challenge to his dictates was swiftly punished.”
Not exactly a guy you'd like to work for.
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