As I stated in the first newsletter, I don’t believe in coincidences. I believe everything happening in our universe is connected and that we only see a few items that are happening above the surface, without really understanding all of the underlying elements. Because of the quarantine for Covid-19, I feel like everything is reaching a tipping point, including Wall Street.
Through the first 3 quarters of 2019, over 1000 CEO’s stepped down from their positions. During the first 3 months of 2020, hundreds of additional CEO’s have stepped down. CEO’s for UPS, Chipotle, MasterCard, Credit Suisse, Nokia, MGM, Disney, SalesForce, Hulu, Tinder, Harley-Davidson and IBM among others have all stepped down in the recent months.
I feel like they know something that they’re not letting on. Did they know a global pandemic was on the horizon? Did they know we were approaching the new Great Depression? Did they know that government regulations would be changing in the coming months following the election? Were they proactively resigning before getting hit with scandal? Do they know when the Purge sirens are going to start going off? All of the above? Guess us normal people will have to wait and see.
Bill Gates is leaving the boards of Microsoft and Berkshire Hathaway. Here are the most notable top executive departures of 2020 so far. — www.businessinsider.com
Bill Gates left several boards in March, joining the many chief executives who have stepped down this year — 219 departed in January alone.
Why have more than 1,300 CEOs left their post in the past year? — www.nbcnews.com
CEOs are leaving in record numbers, with more than 1,300 stepping aside so far this year. Such numbers are unusual amid robust corporate earnings and record stock market highs.
Marillyn Hewson, One Of The World’s Most Powerful Women, Stepping Down As Lockheed Martin CEO — www.forbes.com
The S&P 500 is going to lose one of its few female CEOs: Marillyn Hewson, the chief executive of defense giant Lockheed Martin, announced Monday that she will step down as the company’s chief executive on June 15.