A Recession Hallmark: Dumping CEOs At A Breathtaking Pace (AB)(TSN)(BGP)
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From 247wallst.com
The best way to handle trouble at a company during a recession is to dump the CEO. Someone probably keeps statistics on whether chief executives lose their jobs faster in a downturn than in more pleasant periods.
Over the course of the last 24-hours, the heads of Borders Group (NYSE: BGP) and Tyson Foods (NYSE: TSN) were sacked. Two weeks ago, the CEO of AllianceBernstein (NYSE: AB) was one in a long line of financial company chiefs to be pushed out.
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