Episode 446 — L3Harris’s CEO Ouster and the Board Governance Lesson Nobody Learns the First Time

In this episode of Corruption, Crime and Compliance, Michael Volkov examines L3Harris Technologies’ abrupt ouster of chairman and CEO Christopher Kubasik over a code-of-conduct violation, and why the story is really a board governance cautionary tale rather than a typical enforcement matter. He traces Kubasik’s earlier, similar departure from Lockheed Martin in 2012 alongside comparable cases involving Brian Krzanich at Intel and Mark Hurd at Hewlett-Packard, both of whom went on to lead other companies despite prior conduct violations, to explore why boards keep extending second chances to executives with this kind of history. The episode unpacks the distinction boards draw between personal-conduct issues and conduct that creates genuine enterprise risk, and argues that thorough vetting must translate into a documented, ongoing risk-mitigation plan rather than a one-time pass/fail judgment made during the hiring process, since, as L3Harris just learned, history has a way of repeating itself.

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