CEO's resigning??

[Dude111]

Seems to be more CEOs resigning then ever!!

Heading for their safe locations?

In recent weeks...............

CEO of the European Central Bank:
www.bbc.co.uk/news/business-15511221

Freddie Mac CEO resigns:
www.bizjournals.com/albany/morning_call/2011/10/freddie-mac-ceo-resigns.html

UBS bank CEO:
http://articles.businessinsider.com...kaspar-villiger-investment-bank-rogue-trading

Brisbane South bank CEO resigns:
http://news.ninemsn.com.au/article.aspx?id=8365675

Mouchel Group CEO resigns:
www.independent.co.uk/news/business...rror-that-forced-profits-warning-2366742.html

Acer CEO resigns:
http://news.cnet.com/8301-1001_3-20049225-92.html

Future (to be), TNK-BP CEO resigns:
www.themoscowtimes.com/business/article/would-be-tnk-bp-ceo-resigns/446104.html

Olympus CEO resigns:
www.globaltimes.cn/NEWS/tabid/99/ID/681107/Olympus-CEO-resigns.aspx

Air France / KLM group CEO resigns:
http://atwonline.com/airline-financ...resigns-spinetta-van-wijk-return-photo-air-fr

Wal-Mart China CEO resigns:
www.chinabusinessblog.com/2011/10/23/wal-mart-china-ceo-resigns/

Solyndra CEO resigns:
www.newser.com/story/130945/solyndra-ceo-brian-harrison-resigns.html

Hyundai CEO resigns:
www.caradvice.com.au/140445/hyundai-ceo-resigns/

RM CEO resigns:
http://mobilenewsworld.com/2011/10/rm-ceo-resigns-after-operational-review-reuters-uk/

Many more also!!

Cutting thier losses and running perhaps?? (Makes sense as everything is going to crap)

 

[Mr. H.]

Golden parachutes.

 

[whitehall]

Seems to be more CEOs resigning then ever!!

Heading for their safe locations?

In recent weeks...............

CEO of the European Central Bank:
BBC News - Debt crisis defines Trichet's tenure at ECB

Freddie Mac CEO resigns:
Freddie Mac CEO resigns - The Business Review

UBS bank CEO:
Ubs Ceo Resigns - Business Insider

Brisbane South bank CEO resigns:
Brisbane's South Bank CEO resigns

Mouchel Group CEO resigns:
www.independent.co.uk/news/business...rror-that-forced-profits-warning-2366742.html

Acer CEO resigns:
Acer CEO resigns over stance on future | Business Tech - CNET News

Future (to be), TNK-BP CEO resigns:
Would-Be TNK-BP CEO Resigns | Business | The Moscow Times

Olympus CEO resigns:
Olympus CEO resigns

Air France / KLM group CEO resigns:
Air France KLM Group CEO resigns; Spinetta and Van Wijk return | ATWOnline

Wal-Mart China CEO resigns:
Wal-Mart China CEO Resigns | China Business Blog

Solyndra CEO resigns:
Solyndra CEO Brian Harrison Resigns

Hyundai CEO resigns:
Hyundai CEO resigns | Car Advice | Reviews

RM CEO resigns:
RM CEO resigns after operational review – Reuters UK | Mobile News World Magazine

Many more also!!

Cutting thier losses and running perhaps?? (Makes sense as everything is going to crap)

Let's see, the left wants to create a conspiracy about what? Europe is in a mess because Germany is desperate to rescue the Euro. The first four examples relate to politics, Europe and then there is the Moscow one. US based Acer's sales declined 10% in the last year and Olympus decined 7%. In America the economic climate is healthy if stockholders have an input and the CEO has to step down because the ....gasp ....profit margin....stagnates. Go back to your sissie comrades raping each other under tarps and pissing in the street.

 

[whitehall]

Seems to be more CEOs resigning then ever!!

Heading for their safe locations?

In recent weeks...............

CEO of the European Central Bank:
BBC News - Debt crisis defines Trichet's tenure at ECB

Freddie Mac CEO resigns:
Freddie Mac CEO resigns - The Business Review

UBS bank CEO:
Ubs Ceo Resigns - Business Insider

Brisbane South bank CEO resigns:
Brisbane's South Bank CEO resigns

Mouchel Group CEO resigns:
Mouchel CEO resigns in wake of error that forced profits warning - Business News - Business - The Independent

Acer CEO resigns:
Acer CEO resigns over stance on future | Business Tech - CNET News

Future (to be), TNK-BP CEO resigns:
Would-Be TNK-BP CEO Resigns | Business | The Moscow Times

Olympus CEO resigns:
Olympus CEO resigns

Air France / KLM group CEO resigns:
Air France KLM Group CEO resigns; Spinetta and Van Wijk return | ATWOnline

Wal-Mart China CEO resigns:
Wal-Mart China CEO Resigns | China Business Blog

Solyndra CEO resigns:
Solyndra CEO Brian Harrison Resigns

Hyundai CEO resigns:
Hyundai CEO resigns | Car Advice | Reviews

RM CEO resigns:
RM CEO resigns after operational review – Reuters UK | Mobile News World Magazine

Many more also!!

Cutting thier losses and running perhaps?? (Makes sense as everything is going to crap)

Let's see, the left wants to create a conspiracy about what? Europe is in a mess because Germany is desperate to rescue the Euro. The first four examples relate to politics, Europe and then there is the Moscow one. US based Acer's sales declined 10% in the last year and Olympus decined 7%. In America the economic climate is healthy if stockholders have an input and the CEO has to step down because the ....gasp ....profit margin....stagnates. Go back to your sissie comrades, dude, raping each other under tarps and pissing in the street.

 

[waltky]

Chu got some `splainin' to do...

Second Energy Department-backed company goes bankrupt
10/31/11 - A Massachusetts company that received a $43 million Energy Department loan guarantee last year filed for bankruptcy Sunday, a step certain to fuel criticism of federal green energy financing in the wake of the solar company Solyndra’s collapse.

Beacon Power Corp., which develops energy storage systems, filed for bankruptcy protection in the U.S. Bankruptcy Court in Delaware. Beacon Power had received a federal loan guarantee to help build an energy storage plant in Stephentown, N.Y., that began operating in January. The Treasury Department’s Federal Financing Bank provided the loan. Beacon sought bankruptcy protection two days after the White House ordered an independent 60-day evaluation of the Energy Department's loan programs aimed at ensuring effective management and monitoring.

The review, conducted by a former Treasury Department official, will include examination of how Beacon’s project is performing going forward, and whether there are additional steps that can be taken to protect taxpayers, according to the Obama administration. The Beacon bankruptcy comes roughly two months after the California solar panel maker Solyndra, which had received a $535 million Energy Department (DOE) loan guarantee in 2009, went belly up and laid off 1,100 workers. Solyndra’s collapse unleashed a torrent of GOP-led attacks on the Energy Department’s loan guarantee program.

Solyndra and the broader loan guarantee program are under investigation in the House Energy and Commerce Committee and the House Oversight and Government Reform Committee. “This latest failure is a sharp reminder that DOE has fallen well short of delivering the stimulus jobs that were promised, and now taxpayers find themselves millions of more dollars in the hole,” said Rep. Cliff Stearns (R-Fla.), the GOP’s point man on the Solyndra investigation and a senior member of the Energy and Commerce Committee, in a statement to The Hill and other outlets.

“Unfortunately for the American taxpayers, I am deeply concerned that other DOE programs could follow which goes to the heart of the President's flawed economic program,” he said. Stearns is chairman of the Energy panel’s Oversight and Investigations subcommittee, which is expected to vote Thursday to subpoena internal White House communications about Solyndra.

MORE

See also:

White House Orders Review of Energy Department Loans in Wake of Solyndra Scandal
October 28, 2011 | The White House has ordered a review of the Energy Department's loan guarantee program in the wake of a growing controversy over Solyndra, a California-based solar company that went bankrupt after receiving a $528 million federal loan.

Congressional Republicans have been investigating the bankruptcy of Solyndra Inc. amid revelations that federal officials were warned it had problems but nonetheless continued to support it. The House Energy and Commerce Committee could vote as early next week to subpoena White House records related to the loan. White House chief of staff Bill Daley says the new independent review will evaluate the condition of other loan guarantees made by the Energy Department and make recommendations to the administration about how to improve the process. There are more than two dozen of these to a variety of clean energy companies.

"The president is committed to investing in clean energy because he understands that the jobs developing and manufacturing these technologies will either be created here or in other countries," he said. "And while we continue to take steps to make sure the United States remains competitive in the 21st century energy economy, we must also ensure that we are strong stewards of taxpayer dollars." Daley said he's tapping Herb Allison, a former Treasury official, to conduct the 60-day review. Following the review, Allison will issue a report to the administration. "I look forward to getting to work examining the Energy Department's loan portfolio," Allison said. "This administration clearly recognizes the challenges and opportunities that coexist with these programs. My goal is to assess the current financial state of the portfolio and to ensure effective monitoring and management of the loan portfolio going forward."

Energy Secretary Steven Chu defended his department's work in a statement released Friday evening. “Our loan programs are putting thousands of Americans to work and helping our country compete in the global race for the clean energy jobs of the future," Chu said. "We are committed to aggressively competing for those jobs and industries, while also being responsible stewards of taxpayer dollars. "I welcome this review of the overall health of the department's loan portfolio and have directed my staff to make sure that the department provides all necessary assistance and information to Mr. Allison that the review is as thorough and productive as possible. I look forward to working with Mr. Allison as he conducts his review and recommends further steps to ensure that the Department is protecting the interests of taxpayers."

MORE

 

[waltky]

House got `em scurryin' to cover their butts...

House Subpoenas White House Documents on Solyndra Loan
November 3, 2011 – The House moved Thursday to subpoena internal White House communications regarding the half-trillion dollar taxpayer-funded loan to the bankrupt solar panel firm Solyndra, a politically connected company now under investigation by the FBI.

House Energy and Commerce Subcommittee on Oversight and Investigations voted 14-9 along party lines to issue the subpoena after months of seeking White House cooperation on the matter without success. “Unfortunately we’ve had nothing but eight months of frustration,” said Rep. Fred Upton (R-Mich.), chairman of the Energy and Commerce Committee. “There is a natural and appropriate tension between the legislative and executive branches of government. But what we have seen in the course of this investigation is downright obstruction. “The administration has touted the tens of thousands of documents, most of them highly technical, that it has turned over, never mentioning that producing those documents was like extracting a tooth without anesthesia, unnecessarily painful and time consuming as well,” Upton said.

The documents produced thus far only reveal the involvement of White House staff when directly contacting outside agencies. Committee Republicans want White House staff communication with one another about Solyndra, which the White House has not provided. In denying those documents, White House Counsel Kathryn H. Ruemmler, in an Oct. 25 letter to the committee, said “it has been well established for decades that the president has a strong constitutionally-rooted interest in preserving the confidentiality of Executive Branch deliberative communications.”

The committee’s ranking member, Rep. Henry Waxman (D-Calif.), said the subcommittee was acting in an unprecedented way. “Apparently, what the committee really wants is a confrontation with the president not information for the investigation,” Waxman said. “This is an important investigation, but it’s hard to avoid the conclusion that the committee is abusing its powers. With every hearing, the inquiry looks more like a rigged process, an investigation by partisan political stunt.”

Source