Among the bestselling novels back in 1962 was Sex and the Single Girl, which soon after was made into a movie starring Natalie Wood, Tony Curtis, Henry Fonda, and Lauren Bacall. Well, with an ever expanding list of chief executives caught having extramarital affairs, there could easily be a sequel, which might be called Sex and the Married CEO.

The recent downfall of General David Petraeus and other top corporate and government officials over allegations of marital infidelity serve as a reminder to CEOs and to companies of what can happen when the boss is caught up in an extra-marital affair. ...