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 has fired CEO Ashley Buchanan after an investigation found he told the company to enter two business deals involving a romantic partner, according to a report. Buchanan, who took on the position in January,