The case of Stephen MacMillan, former chief executive of medical-device maker Stryker Corp., is starting to sound like a daytime soap opera.
The CEO may have left the company for more than family reasons when he resigned earlier this month, according to The Wall Street Journal. New questions are arising over whether or not he had an affair with a former Stryker employee, which may have caused several of the company's board members to drop him, the Journal reported.
MacMillan, 48, unexpectedly left the Kalamazoo, Mich.-based company as its chief executive on Feb. 8 after joining Stryker in 2003. When the news of his departure first broke, the company said it was for "family reasons."
Not long after, senior Stryker officials told stock analysts that he was romantically involved with a former employee, according to a person familiar with the matter.
MacMillan's wife filed for divorce in a Michigan court in September.
Stryker's chief financial officer, Curt Hartman, has been appointed interim chief executive.
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Buzz Around the Office
A pod of about 2,000 dolphins race against a vessel.
List of the Day: Important Questions
Don't end a job interview without asking your own questions.
1. Who would you be reporting to?
2. What's the company's biggest problem?
3. Why is the position open?
(Source: CBS Moneywatch)