CEO's resigning??

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Dude111

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Seems to be more CEOs resigning then ever!!

Heading for their safe locations?

In recent weeks...............

CEO of the European Central Bank:
www.bbc.co.uk/news/business-15511221

Freddie Mac CEO resigns:
www.bizjournals.com/albany/morning_call/2011/10/freddie-mac-ceo-resigns.html

UBS bank CEO:
http://articles.businessinsider.com/2011-09-24/wall_street/30197328_1_ubs-s-chairman-kaspar-villiger-investment-bank-rogue-trading

Brisbane South bank CEO resigns:
http://news.ninemsn.com.au/article.aspx?id=8365675

Mouchel Group CEO resigns:
www.independent.co.uk/news/business/news/mouchel-ceo-resigns-in-wake-of-error-that-forced-profits-warning-2366742.html

Acer CEO resigns:
http://news.cnet.com/8301-1001_3-20049225-92.html

Future (to be), TNK-BP CEO resigns:
www.themoscowtimes.com/business/article/would-be-tnk-bp-ceo-resigns/446104.html

Olympus CEO resigns:
www.globaltimes.cn/NEWS/tabid/99/ID/681107/Olympus-CEO-resigns.aspx

Air France / KLM group CEO resigns:
http://atwonline.com/airline-finance-data/news/2-4-air-france-klm-group-ceo-resigns-spinetta-van-wijk-return-photo-air-fr

Wal-Mart China CEO resigns:
www.chinabusinessblog.com/2011/10/23/wal-mart-china-ceo-resigns/

Solyndra CEO resigns:
www.newser.com/story/130945/solyndra-ceo-brian-harrison-resigns.html

Hyundai CEO resigns:
www.caradvice.com.au/140445/hyundai-ceo-resigns/

RM CEO resigns:
http://mobilenewsworld.com/2011/10/rm-ceo-resigns-after-operational-review-reuters-uk/

Many more also!!

Cutting thier losses and running perhaps?? (Makes sense as everything is going to crap)
 

ff-medic

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Most CEOs still get a very nice and somewhat large severance package, with stock options.

People getting jobs cause they know someone, and do not have the background, education or intestinal fortitude to see such a large corporation thorugh.

Obama made a point putting a cap on large corporations CEOS. In failing times, bad ecomomy, bad business decisions, layoffs, decreased production, increaded overhead ; or a product with failing prices ; somehow the CEOs and CFOs ( Chief finanical officers ) still seem to get large pay raises, and or bonuses. All while people were being kicked out to the street. CEOs and CFOs being rewarded by the board of directors for making - 1. Company stock decreases or fall drastically. 2. Huge or significant layoffs. 3. Poor products, and or failing to meet critieria for competing with competitors. 3. Using bad leadership and " Let the company take care of itself - managers and subordinate personnel are doing the CEOs job ( planning - forecast - strategy - paperwork..ect..ect..ect )

Yes. President Obama had a point in capping CEO salarys. He had a point in "Relieving CEOs of command" for such poor performance. Obama went after financiers, money market people, credit holders, and what I descibe as "Loan sharks" ( companys whom charge such a large interest rate )and made them accountable. His campaign speech, of decreasing the interest rate and adding a cap never went through...I wonder why? Again , as I post sometimes - I belive President Obama is the reason gasoline is not $4.82 a gallon.

Leadership ability and knowlege are just the two qualitys that a CEO needs to take the helm of a company. Example = You do not take a CEO of a steel corporation, and put him in charge of a grain business. What the H@ll does he or she know about grain, when they have been in the steel business for 15 years. It happens, but is ridiculous in my opinion. I guess he or she could be indoctrinated and given a hard hard , safety glasses and " Put on the floor." ; but I do not see that happening. Some CEOs get dirty, some communicate to workers, hold bar-b-qs, Christmas dinners..ect ; But there is not to many whom are going to get dirty.

Being articulate , deductible, managing resources properly, leading " From the front", setting the example, moving operations forward instead of backward, gaining respect, and most of all...having the respect so that your peers and coworkers look out for you. This all opposite of being cussed behind his or hers back, dirty looks every time they are passed in a vehicle, negative talk and conversations in the workplace, sabatage of equipment and facilitys, poor work ethic ( material being made in two hours instead of 45 minutes due to morale - causing decreased products at end of assembly = lower revenue ).

Leadership begins in the front..NOT THE BACK. No support from the upper echelon, and speeches , rule adherance , schedules, product timing compliance - all , in my opinion ; are fruitless and a waste of time by lower echelon personnel. No sense in setting standard and rules if they are not followed by all. Some people the rules apply to, some they do not. Policy get initiated, and is amended or customized ; because its initial draft was to hasty adn did nto benefit those whom are " Special" to the leadership.

causing others to do others work, pull thier weight - when they did not do it in the first place ( something they get paid to do - and FAIL cause leadership lets them fail ) causes hardships, tension and friction within the workplace. Jane should not get the job of typing up a thirty-seven page draft / outline , on swing shift , when Carol should have done it on day shift and failed to do , cause Carol done the easiest jobs first - laying the hard work for Jane to do. Or , in some instances - Carol failed to accomplish anything on day shift at all..AND HER supervisor / foreman let her do that.

Picking up the paces , picking up where one left off is nothing but two steps forward, and three steps back. The "Good Ole Boy " program inside society is no problem until it causes harships on corporate America, and family life ( laid off..." Fired", sent packing due to bad corporate problems ).

Corprate decisions, some do not understand ; affect banks, businesses, family, social and civic organizations, and even governments ( local - county - state ). They add to the whole complex of society, and some do not realize that. Some CEOs know this, some do not, and some do not care.

Plan this and plan that, forecast this and forcast that. Draft this and draft that. There are certain limitations to delegation of authority. Doing someone elses job...is not one of them.

Corporate Board Of Directors initially, some times ; give some lee way to a CEO, as to take in their leadership style ; and see where they are " Going with this." Some get tired of the constant " Butting heads" , give them a nice severance check ( usually a nice 8 figure check ) - stock options..ect..ect ; and send them on their way. They were rewarded for " Mucking up" a business. They then move on and " Muck up" another business. A process repeated many times over in America

Successful business are where? Japan? China? Germany? South America? Where are the successful corporations that America can learn from, study the leadership style, how things are done - so the same thing can be repeated here, making American CEOs competitive , INSTEAD of greedy, and money hungary? Less caring about thier employees? More concerned about making a profit , supporting each other and communitys.

Personal traits set one of the beginnings of corporate leadership. Caring, knowledgable, experience, leadership ability, fortitude..All go along way with being in the front. Some CEOs just do not have that, as well as the lower managers whom soon fill their shoes.

FF - Medic !!!
 
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ff-medic

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MTS2000des

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they're getting out before the bottom drops out. Like any form of organized crime, these douchebags know their days are numbered, as the headhunters will be a comin- or maybe not- but ultimately they don't want to suffer like the rest of us.

So cheers! here's to "IT'S ALL ABOUT ME" living! "GREED IS GOOD" so said Michael Douglas, in 1988 and again in 2011...

and how well is that working out for us? oh wait, it's all Obama's fault...nevermind. :roll:

America gave up when the same slimy CEO's started outsourcing our labor forces, when America shifted from being a king producer of everything, to a producer of NOTHING, and a consumer of EVERYTHING.

(ahem..something the corporate owned media won't tell you, this began WAY BEFORE 2008)

When we get back to putting AMERICAN'S FIRST and putting AMERICAN'S TO WORK (and not at government or slave labor wage jobs either), then we'll be working on pulling our arse out of this hole we're falling into to.

But this would mean the fat cats are gonna have to get down here with the rest of us and sweat bullets, trade the BMW and Jag in for a Chevy or Hyundai, stop eating caviar and settle for the Subway 3.99 value meal of the day...

that will never happen in this system, until it all comes to a halt.

stick around, that's not too far away...
 

W8RMH

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Is that a shocker? maybe..Just maybe the U.S Govt is going after them? SEC? Treasury Dept?

A whole two years of leadership..and he quits. Some wonders never cease to amaze me.

FF - Medic !!
The authorities could still go after them even if they are no longer in the CEO positions. These guys make millions of dollars a year and after 2 or 3 years and a large separation bonus they are set anyway.
 

MTS2000des

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that's ASSUming the government was actually interested in prosecuting these pigs. Remember, who the government works for these days, it isn't you or I, it's the corporations. They put in power who represents (and protects) them.

"He who has all the gold makes the rules"

understatement of the new century!
 

Thayne

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Don't kid yourself; I bet 99% of them have what they think are "Safe places" and they keep it under their hats too. The trick is for them knowing or guessing when is the stuff going to hit the fan so they know when to get out of Dodge--:p

The rest of us peons will have to fight or die in place.
 

04Z1V6

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Most CEOs still get a very nice and somewhat large severance package, with stock options.



Successful business are where? Japan? China? Germany? South America? Where are the successful corporations that America can learn from, study the leadership style, how things are done -

FF - Medic !!!
Well done but then this, two out of the four that are mentioned as successful use slave labor and imprison there people if they disagree with their government. When the U.S. sneezes the world will catch a cold. Germany is worse than the U.S. In using undocumented workers for cheap labor.
 

ff-medic

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The authorities could still go after them even if they are no longer in the CEO positions. These guys make millions of dollars a year and after 2 or 3 years and a large separation bonus they are set anyway.

White collar crime investigations take alot of time and resources. Getting the paperwork, documentation, evidence ; presenting it to the prosecution takes many months, if not years.

I do not see why Federal Law Enforement only focuses on the "Big Fish". Wrapping up the whole lot of them, and telling the smaller fish, that if you cooperate, we will cut you a deal. Little prison time..If any. You pay a fine, and see a probation officer for three or four years. The 10 and 12 years the big fish were * facing *, turns into 20 and 25 when the smaller fish get done testifying in front of a federal grand jury.

Does the U.S Attorney say " We are going to court", or let the defendant plea bargain, and still get the 10 to 12 years they were originally facing, serving only 5 or 6 years, if that?

Does Federal Correctional institutions need to be more harsher, rather than just simply take away a criminals freedom? Should labor ( Clean roads , dig ditches, ect ) need to be brought back to more discourage white collar criminal activity. Freinds of friends, tell the people whom were " Not in the big house." that it is like a country club. Clean facilitys, water, break time, recreation, TV, weight room ; only to be released, really never have being rehabilitated. They still have criminal thoughts and plans....and some still wind right back up in the Federal Correctional System. Did the person sent to a Federal Correctional Facility really pay for their crime? Hmmmmmm? That is another debate.

Assets gets seized, the Government gets their share, restitution is made, and the rest goes into a victims fund. And the Federal Prisoner is eventually released, smiling as they walk out the gates.

FF - Medic !!!
 

ff-medic

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Well done but then this, two out of the four that are mentioned as successful use slave labor and imprison there people if they disagree with their government. When the U.S. sneezes the world will catch a cold. Germany is worse than the U.S. In using undocumented workers for cheap labor.

Yeah. But their business professionals are educated. Some with much higher degress per capita, than our CEOs. They have studied the history of their business and know it since its inception, even if they are the 30th CEO. They plan their businesses future, progress, and look ahead 50 years. They keep track of the world market and how it affects them, their shareholders and customers. They are successful.

I am speaking of business overall, and its operations. Success of a business based on intellectual aility and knowledge. I am not speaking about its deragatory operations, the "Cons" it has, nor its basic foundation. I am speaking of leadership ability, planning, overall work and success of business leadership. Economics as whole at the executive level of foreign corporations, versus U.S Corporations.

FF - Medic !!!
 

RayAir

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Thousands of investigations were launched due to the rampant mortgage fraud and insider trading alone. Guess how many sentences came down? ZERO, NADA!

It's all a shame and government is in on it.
 
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