Big bank CEO's resigning..........rats jumping the ship? (illegal, layoff, politicians)

[KUchief25]

Filled their coffers and now run for the bunkers as the collapse is eminent???

Romanian prime minister and cabinet resign en masse
http://www.guardian.co.uk/world/2012/feb/06/romania-pm-cabinet-resign
Global bank resignations
Resignations Global Banks ....
1 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/...llick-resigns/
2 Anz Bank CFO Australia resigns
http://www.proformative.com/news/147...s-amid-turmoil
3 Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-0...-amid-row.html
4 Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/201...n-resigns.html
5 GERMAN PRESIDENT Christian Ruff resigns
http://www.dailymail.co.uk/news/arti...ed-resign.html
6 Royal Bank of Scotland Austrailin CEO Stephen Williams resigns
http://www.theaustralian.com.au/busi...-1226272513981
7 Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/busine...OAR_story.html
8 Slovenia TWO largest Banks CEO's (2) resign
http://www.bloomberg.com/news/2012-0...s-resigns.html
9 Bank of India CEO Chaturvedi resigns
http://www.livemint.com/2012/02/0616...itabh-Cha.html
10 Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/ind...resigns/464259
11 GOLDMAN SACHS CEO Blankenfein to resign (Nothing printed on this yet UNLESS this JUST happened. Last article said he is not stepping down in 2011).
http://www.huffingtonpost.com/2011/0..._n_858647.html
http://www.washingtonpost.com/busine...OAR_story.html
12.
N.C. banking official resigns
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=13&ved=0CDg QFjACOAo&url=http%3A%2F%2Fwww.newsobserver.com%2F2 012%2F02%2F15%2F1855967%2Fnc-banking-official-resigns.html&ei=6HxCT8bUJNLy2gWwz6GSCA&usg=AFQjCNG leDoGYbSQrE_4mggScv3D9yxQ-w
13. Switzerland's central bank chief resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html
***********************
Mass Resignation of the Proxies: Why Are So Many Key Financial Figures Waiving the White Flag?
(some are repeats on this list)
Here are the recent resignations in chronological order:
February 6, 2012: Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html
February 10, 2012: Tamilnad Mercantile Bank MD resigns: http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/
February 13, 2012: Kuwait central bank chief resigns amid political tensions: http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html
February 14, 2012: Nicaragua’s Central Bank President Antenor Rosales quit admist row:Nicaragua Central Bank Head Quits Amid Row - Bloomberg
February 15, 2012: Slovenia’s Two Biggest Banks’ CEOs Step Down: http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
February 15, 2012: World Bank President Zoellick Resigns: http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/
February 16, 2012: CFO of ANZ Bank Resigns Amid Turmoil: http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoil
February 16, 2012: Royal Bank of Scotland’s Stephen Williams quits the role: http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981
February 17, 2012: Credit Suisse’s Private Bank Chief Asian Economist Tan Resigns:Credit Suisse’s Private Bank Chief Asian Economist Tan Resigns - Businessweek

That’s 9 resignations in then eleven days, we have not included the other resignations from the likes of the head of the central bank in Switzerland a month ago, and the talk of the head of Goldman Sachs leaving. Why are the heads of very large financial instutitions resigning? Corporate governance experts would say that people resign to make room for new policies, and way of doing things, but this is a peculiar situation of contagion amongst those with key exposure.
The first to see the flame, usually leave the building, maybe this is not the case, nonetheless, such events with obvious patterns should be taken note of.


Read more: Charleston Voice: Must See All the BIG BANKSTERS Resign Check it Out!!! This has to be MORE than a Coincidence - Where are they going? - list

[LetsRock]

These CEOs have contracts that they signed when hired. If the rules of the game are changing then why not resign and move on?

[KUchief25]

Rules are changed all the time.

[Little-Acorn]

The economy's having tough times, in case someone here didn't notice. When that happens, banks often take major hits, sometimes lot of them, and the balance sheet look pretty bad.

When balance sheets look bad in a bank, just as when win/loss records look bad in a baseball team, standard practice is to fire the boss.

I wonder how many of these "resignations" were completely voluntary?

[Dolphinswink]

This is just speculation on my part, but .... I think one theory on all these resignations could be that the financial world is cleaning house, so to speak. So some folks higher up these banking chains were given the choice of resigning or being arrested for fraud, amongst other illegal banking activities.

There is always more going on than meets the eye and what is reported in the lamestream media, if it ever even is.

Shake ups are happening. Certain people in power have certain other people biting at their heels and a lot of things are starting to change. Will it be for the better or worse? Time will tell. But in the meantime, I'd like to think that the law is hopefully catching up to most of these crooks and it's been long overdue.

[JordanJP]

I would imagine that they're tired of being vilified for doing things that were perfectly legal at the time, when many of the politicians that play the same game are preaching hopey-changey bull****.

[RCCCB]

They got older or tired of it all and wanted to move on, so what?

[HappyTexan]

Mass layoff at the top ?

[KUchief25]

So what?? I guess I'm not in the loop on these big banks and CEO's. Do they all run off like this all the time?? Are they heading for the Ark? Is the EU ready to implode and are getting while the getting is good? Something doesn't smell right here.

[HappyTexan]

Originally Posted by KUchief25

So what?? I guess I'm not in the loop on these big banks and CEO's. Do they all run off like this all the time?? Are they heading for the Ark? Is the EU ready to implode and are getting while the getting is good? Something doesn't smell right here.

I agree. Something is sweeping through the system and these guys are either bailing or being told to bail.