Walmart’s Flipkart CEO Steps Down in Wake of Misconduct Allegations

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The CEO of Flipkart, Walmart's Indian e-commerce business, has resigned following an independent investigation into personal misconduct allegations

 

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This world is getting so ridiculous.... good that I couldn’t care less.

Stepping down!! Transparency deflecting usage of words !! Come out with the real stuff

Another one bites the dust... thx DeepStateExpose

A boys gotta fuck

Personal Misconduct Allegations...Is it another Metoo ?

He is the man who created Flipkart from scratch and made it a $21B company. What happened just days after Walmart purchased majority stake in it (after complete due delligence,I am sure) Or, is this allegation just a way to remove him from the management?

metoo sorry 'Mainbhee

I guess he can buy one of the Andaman or Lakshadweep islands and chill🤔

Independent of what?

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Walmart’s Flipkart CEO Steps Down in Wake of Misconduct AllegationWalmart said the chief executive of Flipkart Group, its Indian e-commerce business, has resigned following an independent investigation into alleged personal misconduct that Walmart said he “strongly denies.” No Evidence? Smear enuff though Walmart should be banned in Asia
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Walmart's Flipkart CEO resigns amid allegations of 'serious personal misconduct'Walmart Inc.'s Flipkart Group, an India-based e-commerce company, disclosed Tuesday Chief Executive Binny Bansal has resigned, effective immediately. The resignation comes after an independent investigation into allegations of "serious personal misconduct." The company said Bansal "strongly denies" the allegations. "While the investigation did not find evidence to corroborate the complainant's assertions against Binny, it did reveal other lapses of judgement, particularly a lack of transparency, related to how Binny responded to the situation," Walmart and Flipkart said in a statement. "Because of this, we have accepted his decision to resign." Walmart had agreed in May to buy Softbank Group Corp.'s stake in Flipkart for $16 billion. Walmart's stock fell 0.6% in premarket trade. It has soared 16% over the past three months through Monday while the Dow Jones Industrial Average has gained 0.8%.
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