In every person's life there exists the PUBLIC,the PRIVATE and the SECRET. That is an ABSOLUTE TRUTH for everyone of us.
Most government jobs involve a background investigation as part of the hiring process. Years ago, the Metropolitan Washington DC Police Department learned the hard way what happens when short cuts are taken to move the hiring process along.
In the private sector, background investigations for top-level positions are just as essential but rarely conducted. When I have suggested this, most times I've been told, "If I ask him to undergo a background investigation, he probably won't want the job."
In police work we call that a CLUE.
Confirming that your next CEO doesn't have prior lien's or convictions can only help you pick the right person. Confirming that the person you're about to hire to handle YOUR MONEY has not stolen before should bring "peace of mind." Confirming that any candidate has been truthful on his job application is a fundamentally sound business practice.
Common sense dictates that money spent up front to confirm you've chosen the right person is much better spent than money spent as part of a severence package.
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