Last week was a rough week for the stock market. It looks like we have started to recover, but are the markets out of the woods or could we see a complete collapse soon?
Boards have been too compliant and they’re finally recognizing it’s their job to be vigilant about chief executive misbehavior,” said one advocate for corporate governance.
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.Why have more than 1,300 CEOs left their post in the past year?
CEO departures like that of Bob Iger from Disney have stunned the investing world recently. Iger said earlier this week that he was going to step down from his job after a decade and a half of success.
Even in December, the breakneck pace with which CEOs were leaving was highlighted by Axios, who noted that names like Patrick Byrne of Overstock, Kevin Plank of Under Armor and Adam Neumann of WeWork had all stepped down from their positions as Chief Executive Officer.
Calling The Top: Record Numbers Of CEOs Quit In January
So, what so the CEOs know that the rest of us outsiders don’t know? With the Fed Reserve threating to cut interest rates more and other central banks soon to follow, is there by devaluing the currency how much longer until the stock market completely drops to 08 levels?
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