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Apple supplier Jabil benches its CEO as it investigates his conduct—but he'll still collect his full $1 million salary [Yahoo! Finance]
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The board asked chief financial officer Michael Dastoor to step in as interim CEO on April 19 after putting Wilson on leave April 15, according to the filing. Jabil didn't provide information about the concern or incident that launched the probe, only saying that the behavior that prompted it is unrelated to the company's financial statements or financial reporting. Wilson is two weeks away from completing his first year in the CEO seat after taking it May 1, 2023 . Jabil, with more than 140,000 employees globally, maintains a hotline through third-party platform Resolver to anonymously report code of ethics violations or other complaints. The company is based in Tampa Bay, Fla., and manufactures electronic parts for tech companies. Its largest customers include Apple Cisco Systems Dell Technologies, HP , and General Electric It is unclear who is leading the Jabil investigation. Typically, if an investigation into a CEO's conduct originates with financial concerns, the audit commit
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