Tuesday, November 18, 2008
Some CEOs have a big fall too
General Motors CEO Rick Wagoner is still hanging in there, but there is some cleaning going on. Image from USAtoday.com
From Bloomberg.com: Removing CEOs
``There's the feeling that next to financial services, automotive execs are the dumbest people in the world,'' said Thomas Stallkamp, a former Chrysler president who worked at the car company when it received emergency government loans in 1980. ``There are probably some symbolic moves that somebody's going to ask for.''
From the Times on line today:
"George Davies is stepping down as chairman of Per Una, the phenomenally successful fashion brand he created for Marks & Spencer (M&S)."
"Carrefour, the world's second biggest retailer, sacked José Luis Duran as chief executive today after shareholders grew impatient with the slow pace of reform at the struggling French group."
co-founder of Yahoo Jerry Yang will step down from the CEO slot.
Symantec on Monday announced that chairman and CEO John Thompson is retiring