This is a great post on how CEO’s should deal with scandal. Letterman’s recent sex and extortion scandal underscores the important of taking the lead. This is a pretty classy line from one of Letterman’s lovers:
“Okay. Here is its. My big comment on Mr. Letterman…It is this: As you can imagine, this has been a very emotional moment for me because Dave promised me many times that I was the only woman he would ever cheat on.” — Merrill Markoe
I think that the way Letterman handled this whole thing by apologizing and moving on is the way to deal with things like this. This also shows that if you are involved in a scandal, take the high road and move on.