Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Saturday, April 7, 2007

Starwood CEO Forced Out Because of Improper Conduct

Steven J. Heyer was forced out as CEO of Starwood Hotels last week and forfeited $35 million in severance pay.  The WSJ reports that the board forced him out after an anonymous letter accused him of inappropriate conduct.  Heyer came to Starwoods from Coke with a reputation for a difficulty personality.  See WSJ, Starwood CEO's Ouster Followed Battle with Board Over His Conduct.

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