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What are CEOs like Audrey Gelman or Greg Glassman giving up when they resign?

19 Jun 2020

Many CEOs have stepped down in recent weeks, preserving their financial stake in the company while avoiding having to overhaul internal culture.

Last week, with allegations detailing The Wing’s treatment of Black, brown, and LBGTQ employees swirling on social media, cofounder and CEO Audrey Gelman left her perch atop the hip social club and coworking space. “The decision is the right thing for the business and the best way to bring The Wing along into a long overdue era of change,” she wrote in an internal email. Gelman revealed that Lauren Kassan, her cofounder and The Wing’s chief operating officer, was taking over her role alongside SVPs Celestine Maddy and Ashley Peterson, as part of a “newly formed Office of the CEO.”

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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