Old Project Avalon Forum (ARCHIVE) - View Single Post - Many heads of companies are resigning unexpectedly!! Why??

TraineeHuman · 02-08-2010, 12:35 AM

Several months ago I heard a lecture by Paul Zane Pilzer, who is a well-known college professor of economics. He was one of the minority who successfully predicted the 2008/2009 economic downturn a long time in advance. Pilzer says that over the past year or less, all the world’s major companies have retrenched around 30% of their staff throughout the world. And that as a result of those record cuts, companies have recently had record profits, hence the stock market’s recent mini-boom up until almost now.

If I were a CEO, I would be tempted to resign now, purely because by doing so I would get the credit for “creating” record profits, and I would avoid the blame for what will happen in the coming months. As Prof. Pilzer points out, we are still in the biggest economic depression in over 100 years. Do you know how much superannuation gets paid out to a CEO, regardless of whether he/she jumps ship before the end of his/her term?

02-08-2010, 12:35 AM	#30
TraineeHuman Avalon Senior Member Join Date: May 2009 Location: Sydney, Australia Posts: 174	Re: Many heads of companies are resigning unexpectedly!! Why?? Several months ago I heard a lecture by Paul Zane Pilzer, who is a well-known college professor of economics. He was one of the minority who successfully predicted the 2008/2009 economic downturn a long time in advance. Pilzer says that over the past year or less, all the world’s major companies have retrenched around 30% of their staff throughout the world. And that as a result of those record cuts, companies have recently had record profits, hence the stock market’s recent mini-boom up until almost now. If I were a CEO, I would be tempted to resign now, purely because by doing so I would get the credit for “creating” record profits, and I would avoid the blame for what will happen in the coming months. As Prof. Pilzer points out, we are still in the biggest economic depression in over 100 years. Do you know how much superannuation gets paid out to a CEO, regardless of whether he/she jumps ship before the end of his/her term?