First American CEO ‘Terminated’ After Federal Arrest - Orange County Business Journal

First American Financial will shell out millions in severance to its former CEO after surveillance footage allegedly captured him strangling a barefoot partygoer

The board of First American Financial reshuffled the leadership deck at the $6 billion title insurance and settlement firm after its CEO was arrested and charged with misdemeanor assault. The CFO is stepping in to fill the CEO position, and the board chairman will dive in as a new executive chair at First American. Ousted CEO Kenneth D. DeGiorgio—whose lawyers say he will be cleared of wrongdoing—will still collect millions in severance as detai…

First American CEO ‘Terminated’ After Federal Arrest - Orange County Business Journal

First American Financial Corp. named a new chief executive and chief financial officer following the abrupt departure of CEO Ken DeGiorgio, who was arrested this month by federal authorities in connection with an alleged assault aboard a Caribbean cruise. DeGiorgio was taken into custody this month for allegedly choking a fellow passenger after the man harassed the executive’s wife when she asked him to put his shoes on while on the dance floor …