Sponsored by

Ah, the price we pay for love. Royal Bank of Canada’s CFO has been fired for having an undisclosed personal relationship in the workplace. Was it worth giving up the $3 million package she took home in 2023? Let’s hope so.

The lowdown

• 📺 Canal+ makes a formal offer for South Africa’s MultiChoice, valuing it at $2.9 billion.

• 🇧🇷 Brazil Supreme Court justice opens an inquiry into Elon Musk over misinformation.

• ✈️ Boeing’s CEO was paid $32.8 million last year, up 45% from 2022.

Featured story

RBC fires its CFO after a probe into her personal relationship

Royal Bank of Canada has fired its CFO ($) Nadine Ahn after an investigation found she was in an undisclosed personal relationship with another employee. RBC said it was “recently made aware of allegations involving Ms Ahn and immediately launched an internal review and engaged outside legal counsel to investigate.”

The bank said both Ahn and the other employee, who wasn’t identified, were fired because the undisclosed relationship violated the code of conduct, adding it “led to preferential treatment of the employee including promotion and compensation increases.” Katherine Gibson, a long-time RBC employee, was named interim CFO while a search is held for a permanent replacement.

Ahn joined RBC in 1999 and worked in a series of roles before being named CFO in 2021. At the time, she was the only female CFO of a major Canadian bank, though Marie Chantal Gingras was since named CFO at National Bank of Canada.

2024 is here. It’s time to transform your newsletter goals into reality with beehiiv. 

Born from the minds behind Morning Brew, beehiiv offers an intuitive, no-code platform that simplifies newsletter creation and website design. Equip yourself with advanced growth tools, monetization strategies, and analytics that matter. 

Trusted by the world's leading newsletters, beehiiv is not only top-tier but also the most wallet-friendly option available. 

Begin your free trial today — no credit card, no hassle. 

Start building →

The content we're consuming today

• The Walrus: Are workplaces inherently toxic?

• CNBC: The UK-based firm growing a more sustainable cannabis

• The Conversation: How medieval chroniclers interpreted solar eclipses and other celestial events

Off-balance sheet items

• We love to hate them, but here’s how some boomers have found a simple path to happiness.

The bottom line