Appraisal Institute fires executive accused of sexual misconduct
Briefly

The Appraisal Institute is grappling with significant internal turmoil following sexual harassment allegations against its former director, Steinley. This controversy emerged after a New York Times report detailed claims from multiple women, including former president Cindy Chance, who accused Steinley of inappropriate behavior. Despite his denials, the fallout has led to a crisis of trust within the organization, prompting members to question the AI's alignment with their professional interests. Some appraisers have formed a new trade group in response to these fears of misrepresentation and mismanagement, calling for renewed adherence to best practices.
Konikoff emphasized that the well-being and trust of the Appraisal Institute takes precedence over individual actions, marking a significant shift in organizational priorities.
The Appraisal Institute faces mounting criticism from members who feel it is not adequately representing their interests, sparking the formation of a rival group.
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