by Ellen Leander

About the author: Ellen Leander currently writes on corporate issues for Emerging Markets Investor and has contributed articles to Treasury and Risk Management, CFO, and Global Finance.

Sex is Alan Lieban’s newest obsession. No kidding.

As the risk manager at Litton Industries, the $3.6 billion defense and aerospace company, Lieban finds himself spending more and more time contemplating the topic even though only a few sexual harassment complaints still manage to cross his desk each year. Most of the ones that make it to his “in” box are already in litigation, in spite of Litton’s sexual harassment policy as well as its training programs. The majority of those cases settle for amounts far below the $2 million deductible that Litton’s employment practices liability, or EPL, insurance has, he...