Posted on 12/31/2019 7:20:14 AM PST by MNDude
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.
(Excerpt) Read more at nbcnews.com ...
Ping
Cancel culture is systematically moving their own people into positions of power.
Selling their stock options while the getting is good?
Many possible explanations.
1) #MeTooism. Many have sexual skeletons in their closets which they feared being revealed.
2) Many are running overvalued companies that actually aren’t profitable and want to cash-in and get out before investors wake-up to the scam.
3) Most were white guys and realized their days are numbered with the coming tidal wave of demands to make the corporate boardroom “diverse”.
4) Most are running companies that survive by suckling on the public teat, and they are sensing that gravy train may be coming to an end.
A silly article with no historical data or statistical analysis.
With stock prices at record levels, it’s easier for the CEO’s to cash out and retire than to face the wrath of the crazies who want them locked up.
“Challenger, Gray & Christmas”
What a name. How about something like “Executive Placement”?
Fans of a certain letter of the alphabet to arrive here in 3, 2, 1...
Out of how many? Bureau of Labor statistics says there are more than 2 million CEOs in the US. If we just look at publicly-held companies, there are a little under 8000.
Regarding item # 3, that is sure to drive down the value of any stocks they hold as part of their compensation - so they have to get while the getting is good.
Get while the gettins good.
Boomers retireing
Are they affiliated with "Dewey, Cheatham & Howe"?
The golden parachute deal always softens the blow.
The Boeing exec taking the fall for the 737 Max crisis will ease into retirement with a 60M goodbye slap on the hand.
I’d be pretty cool with that. Laughing from my chair on the beach with a Pina Colada in hand. Getting caught in the rain. Not really into health food. Yep, into champaign.
Perhaps they were all listed in a very large black book - so it’s the Epstein Retirement Plan.
Selling their stock options while the getting is good?
Or getting offers to retire from their boards, that they can’t turn down.
They are rich Boomers and they are hitting retirement age.
Trying to plant the idea that “Trump’s Economy is About to Crash.”
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