I mean, if you don't replace him then, next thing you know, he might inadvertently make a poor choice again and say something that will cause your stock to tank. Better safe than sorry.
Of course, it's possible that he was very sincere and intentional in saying what he did, and that the apology he issued is simply a rubber-stamp lie to assuage the masses who might take exception to his "here's how we think of things inside the business" words. But I'd rather give him the doubt and accept his apology on face value.
In which case, he should be fired as a potential menace to the company.
(h/t +Les Jenkins)
AIG CEO: Sorry You Were Offended When I Equated Public Backlash With Lynching… Again
Apparently they don’t cover this in business school. When you’re the CEO of one of the most despised companies in the world, it’s probably best to not repeatedly make a statement that equates publi…