Top-10 CEO exits of 2019: Bosses who quit amid controversy

Here’s a quick look at the top 10 high-profile CEO exits this year, so far

A number of Chief Executive Officers (CEOs) of companies across the world have quit and moved on in 2019. Here’s a look at the top 10 high-profile CEO exits of the year, so far.


Adam Neumann quit WeWork: The co-founder of the commercial real estate company was reportedly pressured to resign after questions were raised over corporate governance and mounting losses.


Kevin Burns quit Juul Labs: Burns, who led the e-cigarette startup, stepped down after the emergence of vaping-related deaths and a possible ban in multiple states in the US.


Devin Wenig quit eBay: Wenig left the e-commerce company over differences with the new board, as they decided to pursue with potential sale of assets.


Hiroto Saikawa quit Nissan Motor: Saikawa resigned after internal investigations revealed falsified documents that boosted his compensation in 2013.


John Flint quit HSBC: In what came as a surprise to many, Flint exited the investment bank after serving for 18 months as CEO. He had reportedly lost his staff's backing.


Rupert Hogg quit Cathay Pacific: Hogg (2nd L) stepped down allegedly due to pressure from Beijing to name the employees who had participated in pro-democracy protests in Hong Kong, which is the main hub of the airline.


continue reading on moneycontrol

#companies #CEO #controversy #leadership #employers