Education Reformer Marc Rowan: Using Company Emails and Allegedly Staff Time
Freedom of Information requests as well as other sources turned up this: Apollo CEO Marc Rowan used the company email account for his political campaign to reform higher education. The Financial Times cites that as wrong because of:
" ... company ethics language stating that employees
engaged in personal and civic affairs must make clear that their views and
actions are their own, not the company's."
In addition, Rowan is accused of using Apollo staff to do work on the project.
This story exploded yesterday when the American Federation of Teachers and the American Association of University Professors sent a letter to Apollo's audit committee about these issues.
This matters to the unions because Apollo manages their pension funds. And it should matter to Apollo because if the story has legs there might have to be another attempt at reputation rehab.
Many recall that when Leon Black was CEO at Apollo a major scandal broke out after it was discovered that he paid Jeffrey Epstein $170 million for alleged tax and estate consulting. A law firm investigated and claimed it didn't find anything wrong. However, Black did step down from both the CEO and Chairman's roles. His long-time law firm Paul, Weiss no longer represented him.
For the time being Rowan, who seems to enjoy being a change agent and thought leader, should probably lay low. How he eventually handles this could provide useful lessons in crisis management. I tell my coaching clients. It's not what happens. It's how you handle it.
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