KOHL'S JUST FIRED ITS BRAND NEW CEO FOR UNETHICAL BEHAVIOR

Kohl’s has fired its newly installed CEO, who has spent less than five months in the position, after the retailer found that Ashley Buchanan engaged in unethical behavior.

Buchanan’s dismissal was “for cause,” a rare rebuke of a business leader that carries serious weight in the business community. It comes after an investigation from an outside counsel found that he “violated company policies by directing the company to engage in vendor transactions that involved undisclosed conflicts of interest,” according to a press release.