Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evolving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Rules For the rest of the Site also accessible on the sidebar.
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I remember a certain Q told us to track CEO resignations...
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https://www.zerohedge.com/personal-finance/nearly-2000-american-ceos-quit-2024-setting-new-record
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Nearly 2,000 American CEOs Quit In 2024, Setting New Record
Chief executive officers have exited from U.S. companies in 2024 at a greater pace than ever before, with businesses increasingly opting to appoint interim leaders as replacements, according to global outplacement company Challenger, Gray & Christmas, Inc.
As of November, 1,991 CEOs have departed from their companies, “the highest total on record,” according to a Dec. 20 report from the company.
Amid a jump in executive departures, companies were found to be appointing more interim leaders. Last year, interim replacements for CEOs were at seven percent, this year it has gone up to 13 percent.
Entities in the government/non-profit sector saw the highest number of exits year-to-date at 438 departures, followed by health care/products, technology, entertainment/leisure, financial, services, and hospitals.
State-wise, California topped the list with 223 CEOs departing, followed by New York, Texas, and Florida.
Besides stepping down, some of the top reasons executives gave for leaving their positions included retirement, pursuing new opportunities, or transitioning to a different position within the company.
Back in September, Andrew Challenger suggested that economic changes were a key factor for the rising number of exits.
Under his tenure, the company saw several quarters of revenue declines as well as net losses. Intel also failed to create any significant impact in the AI chip space during these years. Following Gelsinger’s exit from the company, Intel’s shares surged.
Earlier in March, Boeing CEO Dave Calhoun stepped down after the company got entangled in a scandal over quality issues.
A door panel of a Boeing plane blew off mid-air during a flight in January, triggering concerns about safety regulations followed by the company. This also attracted increased government scrutiny. In addition to Calhoun, two more senior Boeing executives resigned from their posts at the time.
In January, Stellantis CEO Carlos Tavares left his post following disappointing sales numbers in North America.
According to a report by leadership advisory company Russell Reynolds Associates, more companies are appointing CEOs from within their business than from outside. The report analyzed data from leading global stock indexes.
“Globally, of the 178 CEOs appointed in 2023, 77 percent were internal hires,” it said while adding that such appointments had hit an “all-time high” last year.
The trend is driven by several factors, including views that an internal candidate is lower risk and lower cost and that such promotions are “more likely to inspire and encourage current staff.”
“Additionally, boards want to send a message that they have been doing their job by constantly and effectively planning for successions. This means unplanned emergencies as well as systemic future planning have been effectively prepared for.”
Internally appointed executives were found to have served 1.4 years longer on average. In addition, external hires were more likely to be fired from their posts, the report said.
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