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CEO Departures: What Went Wrong?

By Joe Schuler July 7, 2006 No matter how many times accomplished CEOs are hired with fanfare and then resign unexpectedly, observers always wonder: What happened? Associations and non-profits have had their share of abrupt, high-level separations, some costing millions of dollars in severance payouts. CEOs have come and gone from the American Red Cross, the National Association of Chain Drug Stores, and Meeting Professionals International – to name a few. CEO terminations without cause can catch executives flat-footed, even if severance pay eases the pain of rejection. CEOs wonder: How did I receive bonuses, win great performance reviews, and then get asked to resign? How… Read More