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<ul class="summary-list"><li><keyword id="604552" type="PERSON" weightage="60" keywordseo="Declan-Kelly">Declan Kelly</keyword>, CEO of <keyword id="86164" type="ORGANIZATION" weightage="60" keywordseo="PR">PR</keyword> firm <keyword id="2953831" type="PERSON" weightage="60" keywordseo="Teneo">Teneo</keyword>, resigned on Tuesday.</li><li>His resignation follows allegations of drunken misconduct and inappropriate touching at a charity concert hosted by Global Citizen. </li><li>He will be replaced by the firm's chief operating officer, Paul Keary.</li></ul>Declan Kelly, the CEO of influential crisis-communications firm Teneo, said on Tuesday that he would step down as chairman and chief executive. He will be replaced by the firm's chief operating officer, Paul Keary, the board said in a statement.The resignation of Teneo's CEO is the second major leadership departure for the PR firm in the last year. Doug Band, Teneo's founding partner and former advisor to Bill Clinton, quit following an interview with Vanity Fair called <a href="https://www.vanityfair.com/news/2020/12/confessions-of-a-clintonworld-exile" target="_blank" rel="noopener noreferrer">"Confessions of a Clintonworld Exile"</a> that elaborated on Band and the former president's falling out. Kelly's departure follows reports that he behaved inappropriately at a charity concert hosted by Global Citizen, a nonprofit where Kelly was formerly a boardmember.<a href="https://www.ft.com/content/77203615-503e-4f6d-8011-1dbf99286140">The Financial Times reported</a> last week that Kelly was drunk at the event and inappropriately touched women without their consent. "At a large cocktail party that evening attended by dozens of people including Global Citizen board members and guests, Mr Kelly became inebriated and behaved inappropriately towards some women and men at the event," a spokesperson for Kelly said in a statement to The Financial Times.Following the report, General Motors, a high-profile client of Teneo, severed ties with the PR firm.Teneo's clients include Fortune 500 companies and top executives. <a href="https://www.independent.ie/opinion/analysis/hold-the-front-page-26365137.html">Throughout his career</a>, Declan Kelly has consulted for Coca-Cola and Dell.In 2019, Teneo sold a majority stake to CVC Capital Partners in <a href="https://www.wsj.com/articles/teneo-agrees-to-sell-majority-stake-to-private-equity-firm-11559921771" target="_blank" rel="noopener noreferrer">a deal that reportedly valued</a> the PR firm at over $700 million.Kelly issued <a href="https://www.teneo.com/a-statement-by-declan-kelly/">a personal statement</a> announcing his resignation on Tuesday."On May 2nd I made an inadvertent, public and embarrassing mistake for which I took full responsibility and apologized to those directly affected, as well as my colleagues and clients," Kelly said. "A campaign against the reputation of our firm has followed and may even continue in the coming days. However, regardless of the veracity of any such matters I do not want them to be an ongoing distraction to the running of our company.""In order to protect the employees of Teneo and its clients, and with my family's strong support, I have decided to leave the company and resign as Chairman and CEO," he said. This is a developing story...

CEO of crisis-management PR firm resigns following allegations he got drunk and inappropriately touched women at a charity event

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">FlashFrameFlashFrame co-founders Griffin Kelly, Nate Robinson and Declan Murray.</div></div></div>For some runners, your results in a race might be just as important as the cool Facebook profile picture or <a href="https://www.instagram.com/explore/tags/chicagomarathon/">Instagram you get of yourself running it</a>. But that can come at a high price, as official race pictures can often range from around $20 to $100 per image.So three Chicago-based runners decided there needed to be a better way. Griffin Kelly, Nate Robinson, and Declan Murray started <a href="https://flashframe.io/">FlashFrame</a>, a crowdsource market place for race photography."You go to any race, you'll see thousands of people with DSLRs. You ask, 'What are you doing with that?' and they say 'Oh I am taking like three or four photos of my wife'," said Kelly, the CEO of the company. "You're standing in this spot for an hour. It's a sunk cost at this point, so try and make some money."FlashFrame's pitch is simple: People can sign up to be photographers at a race. After the race, the photographers upload their pictures to FlashFrame. Runners can check out the site or IOS app and look for pictures of themselves, which they can identify using their bib number. If they find one they like, they can purchase it for $6.99, a fraction of what official photos tend to cost.Traditionally, a major race will use a company with contracted photographers. The photographers will get paid hourly and don't get to keep the rights to their images. With FlashFrame, the photographers own the images and keep a $5 cut of each of their pictures that get sold through the platform. "We've had people who actually work for the marathon, who contact us and say, 'Hey I would much rather work for you guys because I get paid on commission rather than an hourly rate'," Kelly said. "If you're a good photographer you can make more."The company, which first formed in 2014, is backed by Y-Combinator. The team recently pivoted from a hardware startup focused on tracking race times into the race photo platform that launched in July. <div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">FlashFrame/Nate RobinsonImage taken by FlashFrame co-founder Nate Robinson of a runner at the Chicago Marathon.</div></div></div>FlashFrame started out locally, focusing efforts on the Chicago Marathon, where they signed up over 800 photographers ahead of the race. After the success at the Chicago Marathon, the team started to get attention. "People were like 'Oh you've got to go to the Marine Corps, you've got to go to New York'," said Murray. The team made a last minute decision to do the Marine Corp marathon last week. And this Sunday, they're taking on the New York City Marathon. But with only about 50 major races in the United States, ultimately the goal isn't to just make it at bigger events: "There are 50 big races across the US - the size of Chicago, Detroit, New York Marathon, but there are 36,000 smaller races. That's where we want to start spreading out to," Robinson told Business Insider. The team is hoping that by attending these bigger races they can attract the attention of regional race directors, who can help spread the platform out to smaller-scale races. They saw this trickle-down model work in Iowa after they attended the Bix7 Road Race. They now have dedicated, regional photographers out in Iowa making money on FlashFrame.So with the New York City Marathon coming up, runners don't have to worry. Thanks to FlashFrame you can have a brand new profile picture without breaking the bank. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/elon-musk-unveils-solar-roof-solarcity-video-2016-10">Elon Musk just unveiled something that could revolutionize how you power your home </a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="ZtcHQzNzE6rJiNVeNBtErYRi4yljUmMb" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

The startup changing how race photographers are paid is coming to the New York City Marathon

<div class="KonaFilter image-container float_right"><div class="image">via CNBC</div></div>Investors and boards all over corporate America are tired of getting kicked around by activist hedge fund managers who buy up shares in their companies and starting shaking things up.
So they're fighting back against that influence, reports <a href="http://dealbook.nytimes.com/2014/02/02/unlikely-allies-seek-to-check-power-of-activist-hedge-funds/?_php=true&amp;_type=blogs&amp;_r=0">David Gelles at The New York Times.</a>
An alliance of board members from companies like Hertz and Coca-Cola, big investors like BlackRock and Vanguard, and corporate advisers have formed what they're calling the Shareholder-Director Exchange (SDE). The aim of the group is to give companies the tools they need to take on activist fund managers and win. If all works as planned, the SDE will have created the model for how it's done.
Over the last year it has worked on developing a contingency plan for institutional investors and board members to start a dialogue in activist situations.
<a href="http://dealbook.nytimes.com/2014/02/02/unlikely-allies-seek-to-check-power-of-activist-hedge-funds/?_php=true&amp;_type=blogs&amp;_r=0">From the NYT:</a>
"When Carl Icahn shows up in Apple and sends a tweet, Apple stock goes into turmoil," said Declan Kelly, chief executive of Teneo, a consulting firm that helped organize the exchange. "That means shareholders are disconnected enough from the board's message that they are responding to a 140-character message and not trusting Apple's directors. It's not healthy for the financial system."
With this set of protocols (that a board can voluntarily adopt or not), investors and board members can discuss issues like governance, long term plans/strategy and more. It can also be a forum for negotiation between board members and shareholders.
Or - in the event that a certain hedge fund manager(s) takes an interest in your company - a way for board members and shareholders to talk about presenting a united front.
<a href="http://dealbook.nytimes.com/2014/02/02/unlikely-allies-seek-to-check-power-of-activist-hedge-funds/?_php=true&amp;_type=blogs&amp;_r=0">Head to the NYT for the full report&gt;</a>

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CEO of crisis-management PR firm resigns following allegations he got drunk and inappropriately touched women at a charity event

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