Public-Company CFO Fired for Social Media Posts
May 18th, 2012 by JBWK
In a move he probably regrets, Gene Morphis, the now-former CFO of Francesca Holdings, Inc., was fired for his Facebook and Twitter postings about the company.
The ex-CFO, reports the Wall Street Journal, posted online about board meetings, earnings calls, and investor presentations in violation of the company’s social-media policies. The company said it terminated him for cause, probably meaning he won’t get any severance or payout upon his termination.
The incident highlights the ease with which employees can now spread information instantly to the entire world, a sobering reminder for employers with sensitive information to guard.
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