Industry Shakeups: Diddy’s Arrest and a Wave of CEO Resignations—Multimillion-Dollar Positions Now Up for Grabs

The business world has been rocked by the recent wave of high-profile CEO resignations. Though no official connection has been made between these exits and the bombshell investigation and subsequent arrest of Sean “Diddy” Combs, but the vacant postions are now leaving multimillions posts up for grabs. ATLANTA, GEORGIA – JUNE 03: Sean “Diddy” Combs attends Black Tie Affair For Quality Control’s CEO Pierre “Pee” Thomas at Fox Theater on June 02, 2021 in Atlanta, Georgia. (Photo by Paras Griffin/Getty Images) On March 25, Homeland Security Investigations serves search warrants in early morning raids on Combs’ homes in Los Angeles and Miami. The investigation was now in high gear, though it reportedly started well before Diddy’s former artist and girlfriend Cassie Venture filed a lawsuit alleging sexual abuse in November–which he settled a day after it was filed. Diddy was arrested Sept. 16. Combs was charged with racketeering, sex trafficking, and other serious allegations tied to his infamous “Freak Off” parties, which allegedly involved coerced sexual activities and illegal drugs. As the social media rumor mill gets churning up with speculation about who else could be implicated, several top executives have quietly stepped down from their coveted posts, Distractify noted....