The two are not unrelated. Judgement is judgement, and a person who shows poor judgement outside of business is at risk of showing poor judgement in business as well. As indeed he did: the dude was banging one of his subordinates, something he would've known full well is completely unacceptable in American business culture.
Warren Buffet has a non-puritanical relationship structure.
Who cares?
>> completely unacceptable
Except, it happens frequently and most of the time people ignore it. In practice, it is accepted most of the time.