The countdown to Mike Sneesby’s exit from Nine Entertainment started the minute his greatest board ally – former chairman Peter Costello – left in June.
As the Bette Midler song goes “You got to have friends” and in the end it looks like outgoing Nine Entertainment boss, Mike Sneesby just didn’t have enough of them.
That Sneesby is now headed for the exit is no surprise, we had been gearing up to write his corporate obituary months ago.Specifically, it was Thursday, May 30, when I was given a heads-up that the Nine directors were hunkered down in a board meeting, which would decide the fate of Sneesby. He had been under crippling pressure for his response to a ballooning sexual harassment allegations.
The investigation will almost certainly reveal cultural rot in parts of the business, the real question will be the degree of it. “Recently when our Board opened a discussion with me about my tenure, we agreed that the timing was right to commence a leadership transition.”
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