OVER 50 **UNEXPECTED** CEO & CFO resignations in the last 3 weeks!

[joeblow]

OVER 50 **UNEXPECTED** CEO & CFO resignations in the last 3 weeks!

Most notably are telecoms, banks and energy companies.

1. Sun Microsystems
2. Royal Bank of Scotland
3. Bank Leumi of Israel
4. Lenovo
5. Wellpoint (on March 1)
6. Ingersoll-Rand
7. Gasco
8. Syntel
9. Motion Picture Television Fund
10. GrainCorp
11. Connaught Plc
12. Netplay TV
13. AgResearch
14. Zain Telecom
15. Ethan Allen Institute
16. Fahrney-Keedy Home & Village
17. Nordzucker
18. France Telecom
19. TransWorld Entertainment
20. Parlux
21. Medical Developments International Ltd
22. PBR (on March 1)
23. Aeropostale
24. Cook Islands Tourism
25. Uranium International Corp
26. San Francisco AIDS Foundation
27. Borders Books
28. YTB International
29. Western Australia Business News
30. Bergen Group Rosenberg
31. Phumelela
32. Bartow Regional Medical Center
33. NV Energy (CFO)
34. Shanda Interactive
35. NB Power
36. Empire Aero
37. Argentina Central Bank
38. Hong Kong Exchanges & Clearing (CFO)
39. Arbitron
40. Lihir Gold Ltd
41. Meredith Corp
42. Red Bull
43. Golden Harp
44. Endo Pharma
45. Nuplex
46. CLICO
47. Mirada (chairman)
48. Remedial Offshore
49. Abercrombie & Fitch Co
50. Commerce Resources (CFO)

[joeblow]

http://tinyurl.com/yhwnnfq

The list is now close to 180.

For a CEO/CFO to quit, resign, etc....is perhaps a way to cash out of the stocks. Does that mean the market will crash? ...one does not have to be a genius to conclude it is Just a matter of time.

[joeblow]

POLICE CHIEFS RESIGNING!!

These had an interesting story:

1. Gaithersburg, MD Gaithersburg Police Chief John King resigned with little explanation last week, leaving his colleagues and community members wondering what happened.
2. Guttenberg, IA Police Chief Resigns After Seven Months on the Job, no reason
3. Harrisburg, PA - Richard Pickles retires after serving a month as Harrisburg police chief
4. Culpeper, VA When Scott Barlow announced two weeks ago he would step down from his job as chief of police with the town of Culpeper, it caught a lot of people off guard, including us.
5. Carbondale, IL - Police Chief Resigns, no reason given
6. Austin, MN - Several Austin City Council members said they were "shocked" by Austin Police Chief Paul Philipp's resignation Tuesday morning.
7. Jonesboro, GA - The City of Jonesboro's new police chief has resigned, five weeks after being named to the top job.
8. Manassas, VA - found this quote: "I hope the Chief enjoys his retirement. Between his service in the Secret Service, Fairfax and Manassas, he's earned it."
9. West Covina, CA - Tolich, a 21-year veteran of the force, retired nine years before he was eligible for full retirement benefits, Finance Director Thomas Bachman said.
In an email Tolich sent to members of the department, he tells fellow officers that a personal matter involving him and his family led to the sudden departure.

These were either benign stories or little info given. (Bearing in mind that a seasoned cop could probably make a pretty believable alibi for leaving.)

10. Oroville, CA
11. Burlington City, PA
12. Bellmead, TX
13. Bridgeport, WV
14. Gaston, ID
15. Meigs, GA
16. Independence, LA
17. Miami, FL
18. Britt, IA
19. Nickerson, KS
20. New Holland, PA
21. Navarre, OH
22. Glocester, RI
23. Lithonia, GA
24. Harrison, NY
25. Huntsville, AL
26. Moose Lake, MN
27. Boxborough, MA
28. Sutton, WV
29. Itta Bena, MS
30. St. Cloud, FL
31. Menomonie, WI
32. Fanwood, NJ
33. Morton's Gap, KY
34. New Haven, CT
35. Guttenberg, IA
36. South Amboy, NJ
37. Santa Cruz, CA
38. Bakersfield, CA
39. South Pasadena, CA
40. Tulsa, OK
41. Hastings, MN
42. Stamford, CT
43. Dallas, TX
44. Somerville, MA
45. Greensboro, NC
46. Avon, CO
47. Benton, IL
48. Nogales, AZ
49. West Tisbury, MA
50. Gainesville, GA
51. Anniston, AL
52. West Richland, WA
53. Watford City, ND
54. Ponce Inlet, FL
55. Clearwater, FL
56. Monmouth, ME
57. Brookfield, IL
58. Ludowici, GA
59. Orland, CA
60. Springfield, NJ
61. Holt, MO
62. Brookneal, VA
63. Chesterton, IN
64. Edina, MN
65. Birmingham, MI
66. Montebello, CA
67. Vonore, TN
68. Ventnor, NJ
69. New Hartford, NY
70. Kennedy, AL

Some major cities had Police Chief turnover in 2009 (early Infragard info?)

Seattle
Atlanta
Los Angeles
Miami
San Francisco
Dallas

[joeblow]

Is this another incentive why they are cashing out?
Always follow the money...


Alert: Insider Selling Outpaces Buying By 24 Times In Last Week

By Daniel at 20 January, 2010, 11:11 am

http://investment-blog.net/alert-inside ... last-week/

What is there to say about the endless barrage of insider sales that hasn't been said for 9 straight months before. Insiders are selling into the neverending rally, as domestic mutual funds have no equity inflows, yet stocks somehow miraculously keep rising, providing yet more attractive exit price points for directors and insiders. In the past week insiders bought $18 million worth of stock and sold $419 million. There is no way to spin this data. There were no notable buyers, while Nelson Peltz was vacating HNZ shares with a vengeance, selling $30 million worth of the canned food maker. Ralph Lauren also apparently wasn't too hot on Polo's Spring/Summer collection.

[joeblow]

Here are the names of about half of the CEO's:

1. Sun Microsystems-- CEO J Schwartz 1/28/2010

ALFA's CEO (ONE OF BIGGEST MEXICAN HOLDING GROUP) IS RETIRING ........TODAY !!


2. Royal Bank of Scotland – 12/6/2009 -- 1000 bankers quit and went to rival banks for more pay/bonuses
[link to business.timesonline.co.uk]

3. Bank Leumi of Israel – 1/24/2010 Chairman quit to "do other things"

4. Lenovo – 2/5/10 CEO quit after the outfit announced a $96.7 million quarterly loss

5. Wellpoint (on March 1) Chairman to retire, CEO takes place.

6. Ingersoll-Rand – 2/10/2010 CEO retires

7. Gasco – 2.1.2010 Mark Erickson Resigns as CEO, President and Director

8. Syntel --- 02/02.2010 Syntel CEO resigns; company names director as CEO

9. Motion Picture Television Fund – 02/03/2010-- Dr. David Tillman has resigned as president and CEO

10. GrainCorp – 01/28/2010 -- IN A SHOCK move GrainCorp managing director Mark Irwin has suddenly resigned from the company.

11. Connaught Plc – 01/29/2010 -- CEO Mark Davies Plans To Leave At End Of Current Financial Year - Quick Facts

12. Netplay TV – 1/29/2010 Finance Director Halverson Resigns Due To Head Office Relocation

13. AgResearch – 2/4/2010 Chief Andrew West today announced his intention to resign as chief executive of state-owned science company AgResearch Ltd, with effect from June 30.

14. Zain Telecom – 2/3/2010 -- chief executive officer of Kuwait's Zain telecom giant, Saad al-Barrak, has resigned, the company said in a statement posted on the Kuwait Stock Exchange website on Wednesday.
The statement said Barrak has submitted his resignation to the board of directors, which will meet to consider it. No reason was given for the surprising move.

15. Ethan Allen Institute – 2/3/2010 ... Rick Bornemann, selected in August as president of the Ethan Allen Institutein Vermont, stepped down for personal reasons

16. Fahrney-Keedy Home & Village -- Jan 18, 2010 ... Jay Shell, president and CEO of Fahrney-Keedy Home & Village for the past five years, resigned effective Jan. 15

17. Nordzucker -- Jan 29, 2010 ... The chief executive of German sugar refiner Nordzucker has resigned from his post as a result of "differences of opinion"

18. France Telecom – CEO resigns 02/02/2010

19. TransWorld Entertainment -- ( February 3, 2010 ) Trans World Entertainment announced Wednesday that Jim Litwak, president and COO, has resigned, effective Feb. 16.

20. Parlux -- Jan 29, 2010 ... Neil J. Katz resigned Tuesday as chairman and chief executive officer ofParlux Fragrances Inc. because of differences with the board

21. Medical Developments International Ltd – 02/02/2010 Medical Developments International Ltd advised that Chris Rossidis has resigned as chief executive officer.

22. PBR (on March 1) CEO effective March 1 to accept a leadership position with the IRL

23. Aeropostale -- Feb 4, 2010 ... BRIEF-Aeropostale CEO to resign

24. Cook Islands Tourism -- Jan 20, 2010 ... RAROTONGA, Cook Islands ---- Cook Islands Tourism chief executive John Dean handed in his resignation last week

25. Uranium International Corp DENVER, Jan. 29 /PRNewswire-FirstCall/ -- Uranium International Corp. ("Uranium International") (OTC Bulletin Board: URNI) has accepted the resignation of Marek J. Kreczmer as CEO and a member of the board effective January 28, 20

Something is weird here, keep researching and post up links to sources of each CEO/CFO leaving.

[Rockclimber]

Yikes!! Nice job finding those facts Joe. I suspect it can only mean one thing, the crash is soon to come.

[Ognir]

Saw in the FT this morning, boss of SAP quit last night

[abduLMaria]

after 6 months of spending "more time with their families", how many of them
will be begging for their jobs back ?

just kidding, but i wonder - how does the recent rate of resignations compare to the normal rate ?