When Ashley Buchanan accepted a lucrative offer to be Kohl's CEO in January, the company's chairman lauded him as "the ideal candidate." Less than four months later, Buchanan was unceremoniously fired by the Kohl's board of directors.

Kohl's filing revealed that the vendor in question had secured a multimillion-dollar consulting contract with unusually favorable terms.

Kohl's CEO Ashley Buchanan was fired over alleged "inappropriate" deals involving a former romantic partner. While the company didn't name her, the Wall Street Journal identified her as Chandra Holt.