Record number of US CEOs depart executive suite

[deadparrot]

WASHINGTON (AFP) - A record number of US chief executives have left office so far this year amid a growing government investigation into stock options fraud, according to an industry survey.

A total 1,347 American CEOs have departed the executive suite so far this year, surpassing the 1,322 chief executives who exited their offices in 2005, according to outplacement consultancy Challenger, Gray and Christmas Inc.

The majority of CEOs left office due to retirement or a resignation, but a rising number are being forced from office due to probes into stock options backdating.

"The options backdating scandal is spreading like a virus," Challenger, Gray and Christmas chief executive John Challenger said in a statement.

http://news.yahoo.com/s/afp/uscompanyfraudceo

[aquart]

1. Are they leaving empty-handed?

[Rex]

2. Awwww...poor uber-rich assholes.

You break it you buy it, feckers! Fleeing won't work. I hear the subpoenas coming, they're flying overhead!

[LiberalEsto]

3. Where to - Paraguay?

One can only hope the skunks are being replaced by low-paid foreign CEOs.

[Vidar]

4. Which way will the golden parachutes blow?

[Trillo]

5. Greed is Good but Drugs are Bad

If a drug dealer selling marijuana is caught, the typical punishment, in addition to jail, is confiscating their personal property and auctioning it off: at least that is what is threatened in the corporate media regarding potential punishments that I've read over the years.

Curiously, these CEOs seem to be leaving their jobs, sometimes paying fines back to the company itself, but they don't seem to be getting jail time, nor are their personal or the company's property grabbed and auctioned off to the highest bidder.

A wee bit of hypocrisy I'd say. There's certain hypocrisy regarding the reporting.

For marijuana dealers and or growers, huge threats of a life ruined. Trouble finding employment. Conviction of a crime. Social stigma.

For CEO criminals, maybe if they're caught the SEC will investigate and maybe slap them on the wrist and say bad person don't ever do that again and they'll have to leave the company to return to their mansion of loot.

Why not reverse the paradigm? Drugs are Good and Greed is Bad?

[dweller]

6. consider posting over in

SMW on Monday. Should get a healthy response.

2 cents.
dp