Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.
And then there were four.
The list of Black CEOs heading a Fortune 500 company got shorter on Tuesday when the chief executive of Coach and Kate Spade parent Tapestry left the fashion company after less than a year on the job.
In a press release, the company attributed CEO Jide Zeitlin’s abrupt departure to unspecified “personal reasons.” A Wall Street Journal report published Tuesday morning says the company’s board had opened an investigation into Zeitlin’s personal behavior after a woman alleged that he posed as a photographer in 2007 to lure her into a romantic relationship. In a statement to the WSJ, Zeitlin acknowledged photographing and engaging in a relationship with the woman, saying,” I felt compelled to resign today because I do not want