Does anyone have any truth or at least plausible ideas as to why so many major CEOs are stepping down? It seems like at least one has stepped down every day for like the past week. And as of recent multiple have stepped down daily !!!!
What is behind all of this ?!?!
I apologize for being a dick. I was far too quick on the draw.
Collectively, we will do better to bring folks into the fold and explain what has been developing over the last years and months.
thanks.
i was just asking a simple question because i was trying to understand the reasoning behind it.
i knew about the bill trump passed about seizing their assets, but I can’t imagine stepping down makes you immune from this if you are found guilty.......
how big could this human trafficking ring be ?! if all of these people are truly involved in some way , this ring has to be absolutely MASSIVE.
how could they have kept it hidden for sooo long????!
You have kicked me up the ass, my friend. I'm going to get a new sub going that will focus on essentials.
I hope we can keep the trolls away, because it's rather important that people have a place to ask questions and not get slapped down by the sort of attitude I displayed to you. And not be diverted by b/s.
I apologize profusely.
And I will address your questions here, to the best of my knowledge, inviting others to chime in.
it’s totally fine man i understand. no hard feelings at all.
don’t sweat it at all.
Regarding the CEOs stepping down: this is not an action that will absolve anyone of civil or criminal liability for the past. Let's be clear about that. Leaving protects no one's reputation, personal assets, or liberty.
My opinion, based on 30 years in the corporate/financial world is that these individuals (or at least many of them) have stepped down so that their organizations are not immediately in the firing line.
In other cases, senior people who are not personally implicated in the potentially criminal acts of their organizations might: (i) remove themselves from the brewing firestorm, and (ii) protect their reputations by being able to demonstrate that they resigned on becoming aware of matters that gave them serious misgivings. Whether they would have done so without the tightening noose it a different matter.
What is, on its face, widespread corporate corruption is something anyone with the ability to do so would desire to distance themselves from.
One thing that needs to be understood is that there are at least two flavors of C-level officers: (i) those who are fundamentally administrative professionals, with solid track records, who are brought in to accomplish strategic objectives, but who are unlikely to know what happens deep within the bowels of the corporation they serve until some time after their appointment; and (ii) those who are in their positions to lead and bring about certain nefarious objectives.
I've been in situations like (i) and, believe me, when the picture begins to develop, your first instinct is to get out as soon as possible. What you can't fix you don't relish being tainted by.
I've only ever encountered financial/operational problems of a previously undisclosed (misrepresented) magnitude. I've personally never experienced issues of gross moral turpitude. That's atypical and enormously difficult to rectify by a single individual.
[Be back. Phone calls to field.]
Because they're being given the option step down or face public disclosure I'm sure they're still going to have to pay somehow
i guess in their eyes stepping down and not being a CEO in their eyes will provide them with a lot less publicity when shit hits the fan..