FWIW: CEO departures rise for quarter

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Caught this in today's Detroit News's Employment section:

---for educational purposes only----

NEW YORKA growing number of companies are approaching the new year under new leadership as a flood of chief executive departures continued in October, bringing the three-month total to a whopping 131, or two every business day.

The number of announced CEO departures has increased steadily over the last three months. The 54 CEO departures in October meant a 17 percent increase over the 46 announced in September, according to a new report released Monday by Challenger, Gray & Christmas Inc., an international outplacement firm that tracks job changes at all levels. By a ratio of nearly 4 to 1, the most departures have come from the computer sector. Of the 131 CEO departures announced since August,, 29 or 22 percent came from this volatile industry. Computers were followed by the financial sector, which recorded 13 CEO switches.

-- Tim (pixmo@pixlelquest.com), November 07, 1999


WOW!!! I'd like to be a fly on their wall just to know the reason for the departures. How does this figure stand with those of a year to two years ago? That is the question.

-- Linda A. (adahi@muhlon.com), November 07, 1999.

Gee, I wonder what's up?

-- Nikoli Krushev (doomsday@y2000.com), November 07, 1999.

Good question, Linda. I asked this one myself, and am trying to find information regarding this. Anyone have a link or an relative article?

-- Tim (pixmo@pixelquest.com), November 07, 1999.

One can really appreciate the saying about rats leaving the sinking ship. (The smarter ones, anyway.)

-- King of Spain (madrid@aol.cum), November 07, 1999.

Gary North has been predicting the CEO departure for two years. My guess is that with all the mergers and acquisitions, some CEO's are forced out or just leave. But my honest opinion is that they are rats leaving the sinking ships.

-- (North@reader.com), November 07, 1999.

Rats leaving a sinking ship still end up in the water. Glub.

-- (swimming@to.oblivion), November 07, 1999.

The question is where are they going? Another company or to that private island? ;>)

-- G.S. (hateyo@netscape.net), November 07, 1999.

Yes, an island far, far away from the angry mobs looking for the Number One Computer Geek...

Bill's New Home

-- PJC (paulchri@msn.com), November 07, 1999.

Yes, an island far, far away from the angry mobs looking for the World's Number One Computer Geek..

Bill's Excellent Hideout

-- PJC (paulchri@msn.com), November 07, 1999.

Thought the first one didn't work.....

-- PJC (paulchri@msn.com), November 07, 1999.

This is the most interesting post on here, and the most telling.

-- Matt (mattd97@hotNOSPAMmail.com), November 08, 1999.

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