Microsoft: Bill Gates
Jeff Bezos: Amazon
Jes Stalely: Barclays
UPS: David Abney
Disney: Bob Iger
Mastercard: Away Banga
Twitter: Jack Dorsey
Salesforce: Keith Black
JCPenny: Shawn Gensch
MGM: Jim Murren
American Airlines: Doug Parker
Hulu: Robert Freer
Victoria's Secret: Lex Wexner
Ann Herbert: Nike
Timothy Sloan: Wells Fargo
Alexis Ohanian: Reddit
Liam Condon: Bayor
Impressive list but it very well may be normal. How does this compare to similar time frames? Need some kind of comparative reference.
Find the cases in which mega corporations swapped a CEO without telling analysts ahead of time. Like Twitter. Their stock dumped so hard they had to halt trading. This is the exact reason companies never just dump a CEO without involving the bank and trading analysts and investors.
Analysts want to be assured that transition from one CEO to the next is an orderly process, and that the switch isn’t because of something the Corp is attempting to hide. When a CEO leaves a major corp for a legitimate retirement, everyone knows the year before, and the hunt for replacement is a public affair.
Enron is the perfect example of this. Skilling left unannounced because the ship was about to sink, and his departure kicked over the first domino. A stock drop of several dollars can wipe out billions of equity. Just a few bucks.
Would any Corp in the world risk this without a serious reason?
Solid point.
Dang. Great point. Jack Welch at GE -- his retirement was announced several years ahead as I recall. The bigger the market cap the bigger the lead time.
There are some Big names in there...I'm Not Convinced its Normal...but hey, that's just me...
Agree with both comments... and, another question: where did they go after resigning? Other initiatives? Other leadership roles? Transition can be "normal" for megalomaniacs because they need a new place to play God that was even bigger than before.
Thanks for the list, though. It's relevant and needs to be maintained.