Yikes!
This is so unfortunate to read. Ugh The fact that people are so afraid of them (the executives) is disturbing. Ultimately, the decision to-do something about it falls into the hands of someone who isn't afraid to call out this type of behavior. Also, do you know if others have tried in the past? I'd say maybe start with reviewing your company policy and see what that says.
If there are other current employees who can attest to the same behavior and are willing to go forward and make a report about, then honestly, there's nothing more than you can do. Documentation is key! While being a witness in the situation can be important to back things up, the fact is, there's got to be an airtight paper trail that demonstrates that these two people are violating the company's policy/promoting a hostile work environment and have been for certain period of time. I also believe it has to come from someone who actually experienced said behavior. It's hard to come to someone's defense who has already decided to depart from the company. Sometimes these things are difficult to "prove" because everything is open for interpretation and depending on the degree of said issue, it might even require outside legal counsel. It's hard to say w/o specifics on the issue at hand.
Even if HR investigates this issue, what does that outcome look like? Would it be an outcome folks find fair and reasonable? Also, what is your HR's internal reputation? If this person (that's leaving) is choosing to leave without reporting this issue, then that could be a reason why too.
Sometimes, in these situations the best decision and greatest act of self care is choosing your self and knowing when to walk away. It's not defeat by any means, it means you love yourself more and you know that the situation isn't worth it. There are bigger issues going on in the world (and in our home lives) and no job is worth your mental health. Period.
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