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The 11 Biggest CEO Departures Of 2016

Discussion started by Sunil Dutt Jha 5 months ago
  1. Roger Ailes (Fox News) -  Intimidating micro-manager,
  2. Richard Anderson (Delta Air Lines) - As part of a succession plan, 
  3. Ron Boire (Barnes & Noble) - Not a good fit for the organization, third chief executive in less than three years
  4. Michael Brown (Symantec) - Revenue for its consumer products decreased 9% while sales of corporate products fell 2%. The main issue "Symantec hasn’t adapted well enough"
  5. Parker Conrad (Zenefits) - Many of internal processes, controls, and actions around compliance have been inadequate, and some decisions have just been plain wrong. 
  6. Tony Fadell (Nest) - Aggressive management style and high attrition, revenue growth was disappointing 
  7. Federica Marchionni (Lands’ End) - She wasn’t able to get employees on board with her vision. 
  8. Mike Pearson (Valeant) - Controversy related to steep raise in prices of heart drugs, unusually  relationship with Philidor, the mail-order pharmacy that bought many of Valeant’s products and continuous decline in the share price
  9. Charles Scharf (Visa)- Highly successful four years as CEO. Scharf oversaw the launch of a new design lab in San Francisco, where engineers devised new ways to serve consumers. The goal was to compete in the race toward faster payments against PayPal and virtual currencies.
  10. Donnie Smith (Tyson Foods) - Price-fixing allegations surfaced, accusing Tyson and other top food processors of agreeing to limit meat supply to keep prices high. The following month Tyson missed revenue and profit expectations 
  11. John Stumpf (Wells Fargo)-High-pressure sales culture and alleged fraud at Wells Fargo. Wells Fargo employees had been opening new accounts for customers without their knowledge to meet quotas.

http://www.forbes.com/sites/jeffkauflin/2016/12/14/the-10-biggest-ceo-departures-of-2016/2/#748a19f36158

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