CEO Departures Have Reached a Record High with Almost 2,000

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Take the money and run, mostly, I reckon.
They see how unbalanced the US is in its finances. They don’t want to do the hard work of keeping companies afloat during trying times.

> Take the money and run, mostly, I reckon. <

Yep. These guys are paid millions, even when they mismanage their companies. Then they usually leave with golden parachutes worth millions more.

It is fair to criticize workers when they get greedy. But let’s not forget that the top executives are just as bad.

Companies in the government/non-profit sector led in CEO transitions with 438 exits,

Those aren’t real businesses.

I made a vow never to work again at age 62. As long as there’s plenty of others working out there the retirees will continue to thrive. Us sedentaries need people to work and pay taxes to keep the government running. I saw an old, obese flight attendant walking through the airport. Good she’s doing something-I’m not. Young attractive used to compete for those jobs. Overweights would get grounded. Not happening.

Cut every program to scare the lazy. I’d lease land in some $hit-hole countries and build prisons-cheap labor under US ‘control’.

IMHO part of it is from the govt changing hands. Think of all of the private industries that depend on govt contracts.

If the board had believed in a CEO who said he knew how to get contracts when a Dim is in the WH, that same board might not feel as certain with him getting contracts with Trump in the WH and expecting different things from government contractors.

There’s more. Rent Devil’s island and reopen it. Won’t be cost effective but Trump should do it for the optics.

That’s a good point for the connected companies, but are all companies that well connected?

The Biden gravy train has left the station. Government spending will go elsewhere. The COVID and Green New Deal money will be redirected.

https://archive.is/2024.12.23-200524/https://www.politico.com/news/2024/12/23/biden-spending-unfinished-business-00195256

Joe Biden spent the first half of his presidency enacting plans to steer at least $1.6 trillion to transform the economy and spur a clean-energy revolution — only to watch those programs become afterthoughts in the 2024 election.
Now the core of his domestic legacy stands unfinished, with hundreds of billions of dollars left to deploy, and imperiled as Donald Trump prepares to take office.

A wide-ranging examination of the Biden administration’s spending and tax policies reveals signs that his efforts could leave a lasting mark, but also ways in which his agenda has yet to take hold — after unleashing money for batteries, solar cells, computer chips and clean water; luring foreign-owned factories to U.S. soil; and turning some red-state Republicans into supporters of green energy projects.

...included Nike and John Donahoe, Intel and Pat Gelsinger, and Boeing and Dave Calhoun.

Aren't these the idiots who bought into the stupid idea called DEI?

I wouldn’t be surprised if about half of the 2,000 from the article are govt contractor companies. Think about the tons of companies for defense for planes. And tons for processing money like EBT payments. And tons for military supplies like uniforms. And tons getting EV charging contracts. And tons supplying arms for the IRS. And tons supplying police with equipment approved by the federal govt. And software for university accounting departments that has to be approved to receive federal grants. And the contractors who work on federal highways or perhaps work on state highways that federal money helps and therefore has to approve. And the contractors who provide staff and/or supplies for federal prisons. And the contractors who do work for the IRS. Etcetera. Etcetera. Etcetera. Etcetera.

The Wuhan flu has changed our society. People learned to live without and found out they didn't need a lot of things.

Stick 2m in the bank, downsize and pay off your home. That's 4k a month you can take from your retirement account for 40+ years. Throw in a pension and S.s. you've got a 80-90k income be8ng retired. Why stay in the rat race??? Go do something you've always wanted. Buy a boat, go bother your kids and grand kids, spend a month in a cabin on top of a mountain in Tennessee!

They don’t want to do the hard work of keeping companies afloat during trying times.

True. In addition, more and more CEO candidates don't want to come in and have to clean up the mess their predecessor left for them.

I’ll take the job for half of what they were getting. And I’d only need to work it for one month.

My hunch: Lots of fashionably woke CEOs run their company into the ground (or nearly so) and are forced to “move on”.