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Thread: Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?

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    Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?

    In the months prior to the most ferocious stock market crash in history and the eruption of the biggest public health crisis of our generation, we witnessed the biggest exodus of corporate CEOs that we have ever seen. And as you will see below, corporate insiders also sold off billions of dollars worth of shares in their own companies just before the stock market imploded. In life, timing can be everything, and sometimes people simply get lucky. But it does seem odd that so many among the corporate elite would be so exceedingly “lucky” all at the same time.

    Chief executives are leaving in record numbers this year, with more than 1,332 stepping aside in the period from January through the end of October, according to new data released on Wednesday. While it’s not unusual to see CEOs fleeing in the middle of a recession, it is noteworthy to see such a rash of executive exits amid robust corporate earnings and record stock market highs.

    Last month, 172 chief executives left their jobs, according to executive placement firm Challenger, Gray & Christmas. It’s the highest monthly number on record, and the year-to-date total outpaces even the wave of executive exits during the financial crisis.

    By the end of the year, an all-time record high 1,480 CEOs had left their posts.

    But to most people it seemed like the good times were still rolling at the end of 2019. Corporate profits were rising and the stock market was setting record high after record high.
    The following are just a few of the big name CEOs that chose to step down in 2019…

    Dennis Muilenburg — Boeing

    United Airlines — Oscar Munoz

    Alphabet — Larry Page

    Gap — Art Peck

    McDonald’s — Steve Easterbrook

    Wells Fargo — Tim Sloan

    Under Armour — Kevin Plank

    PG&E — Geisha Williams

    Kraft Heinz — Bernardo Hees

    HP — Dion Weisler

    Bed, Bath & Beyond — Steven Temares

    Warner Bros. — Kevin Tsujihara

    Best Buy — Hubert Joly

    New York Post — Jesse Angelo

    Colgate-Palmolive — Ian Cook

    MetLife — Steven Kandarian

    eBay — Devin Wenig

    Nike — Mark Parker

    Of course the mass exodus of chief executives did not end there.

    In fact, a whopping 219 CEOs stepped down during the month of January 2020 alone.
    Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy? End Of The American Dream


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    Insider information.

    Sumpin' fishy.




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    Completely misleading headline. Just for grins I did a quick search on the first one the Boeing CEO, and it says he was fired in Dec over 737 Max fiasco. Then did a search on the McDonalds guy and the board of directors voted to dismiss him in Nov. '19. Neither one resigned and both were on Wikipedia. I quit looking after those two.

    edit: Just checked the Warner Bros guy and he resigned a year ago over a sex scandal. From wiki.....

    March 6, 2019, there were reports that WarnerMedia was investigating allegations that Tsujihara had promised auditions and/or acting jobs to British actress Charlotte Kirk in return for sex.[5][6] On March 8, 2019 Tsujihara released a memo apologizing to his colleagues at WarnerMedia for his behavior.[7] A statement issued by Tsujihara’s attorney stated that Tsujihara “did not have a direct role in the actress being cast in any movie."[8] Tsujihara resigned on March 18, 2019 as chairman and CEO of Warner Bros.[9]
    Last edited by Kodiak; 03-26-2020 at 12:20 AM.

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    Quote Originally Posted by Kodiak View Post
    Completely misleading headline. Just for grins I did a quick search on the first one the Boeing CEO, and it says he was fired in Dec over 737 Max fiasco. Then did a search on the McDonalds guy and the board of directors voted to dismiss him in Nov. '19. Neither one resigned and both were on Wikipedia. I quit looking after those two.

    edit: Just checked the Warner Bros guy and he resigned a year ago over a sex scandal. From wiki.....

    March 6, 2019, there were reports that WarnerMedia was investigating allegations that Tsujihara had promised auditions and/or acting jobs to British actress Charlotte Kirk in return for sex.[5][6] On March 8, 2019 Tsujihara released a memo apologizing to his colleagues at WarnerMedia for his behavior.[7] A statement issued by Tsujihara’s attorney stated that Tsujihara “did not have a direct role in the actress being cast in any movie."[8] Tsujihara resigned on March 18, 2019 as chairman and CEO of Warner Bros.[9]
    Thanks, Kodiak. Your post prompted me to check the source at the link. Something called, "End of the American Dream." If you read the subtitles across the top of the page, it gets even better.

    Rock solid source, for sure!

    (Sorry, Guapo, but sheesh; you know better.)
    This message has been hidden because CNN is on your ignore list.


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    Quote Originally Posted by 2cent View Post
    Thanks, Kodiak. Your post prompted me to check the source at the link. Something called, "End of the American Dream." If you read the subtitles across the top of the page, it gets even better.

    Rock solid source, for sure!

    (Sorry, Guapo, but sheesh; you know better.)
    Thanks for that.

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    lockheed Martin CEO stepped down right before the virus hit.

    Marillyn Hewson Stepping Down as Lockheed Martin CEO - USNI News
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    Common sense says that many are likely aging boomers that are retiring or left under other circumstances, like was pointed out above.

    Many people left Lockheed after Marilyn froze the pensions.

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    Tough room.


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    Quote Originally Posted by El Guapo View Post
    Tough room.


    Hey...they can't all be gems
    ...


    Juz tryin' to help hone your skills, there, bud. It's a responsibility we never take seriously.
    This message has been hidden because CNN is on your ignore list.


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    Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?
    For the same reason I liquidated 3/4 of my IRA. Because I knew this was a balloon about to pop.

    By selling, two months ago, I took my profits - un-justifiable by objective measures - and since then, lost. If I hadn't sold, the (potential) money wouldn't be there anymore.

    Of course the joke's on me, since I bought my camper-van with those profits - and now cannot use it. Used-car market about to implode, as repo'd Bro-Dozers are about to be the next crisis.

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