Following being charged with securities fraud, Martin Shkreli was fired from his CEO position at KaleBios. His termination is of one a number recently where an employer fired an employee upon the latter being charged with an offence (i.e. before there’s been a conviction).
I assume that a company would consult with its legal counsel to confirm it’s within its rights before firing an individual simply because charges had been laid against him/her.
Is it generally the case, then, that merely being charged with a ‘serious crime’ (defined as, say, a felony) is sufficient grounds for termination?