Give me context… A record number of CEOs left their positions or were fired in 2019. Nearly 1,500 CEOs departed their posts between January and November 2019.
Some of the most important departures of the year.
- Alphabet Inc.,: Google co-founder Larry Page is stepping down as CEO of Alphabet and handing the reins to current Google CEO Sundar Pichai, who will now hold both positions. Page and cofounder Sergey Brin, who is stepping down as Alphabet’s president, will remain on the company’s board of directors. The reason? “Alphabet and Google no longer need two CEOs and a President”.
- GAP: The company’s stock lost more than half its value since Art Peck started.
- Warner Bros: Kevin Tsujihara left amid an investigation. Apparently, he had an improper relationship with an actress.
- McDonald’s: Steve Easterbrook had a love relationship with an employee and got fired.
- Nike: Mark Parker was sued over alleged gender discrimination.
- HBO: Richard Plepler gave no specific reason for leaving but the move came shortly after an appeals court ruled in favor of AT&T’s purchase of HBO’s parent company, WarnerMedia.
- Ebay: Devin Wenig stepped down as eBay continues to weigh selling off parts of its business.
- WeWork: Adam Neumann stepped down following a bungled attempt at going public.
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