CEO Sack Race - Updated With Your Comments
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But we want to know what you think. Should Wuffli have gone ? Is it right that O'Neal got the boot ? Should Cayne and Prince still be at the helm ? Was Groenink the master of his own undoing ? And what about Ken Lewis over at Bank of America - is he secure ? Is there any other senior firm executive who should be up for the chop ? And what about all those other executives who got the push - Huw Jenkins at UBS Investment Bank, Warren Spector at Bear, Tom Maheras at Citi, Osman Semerci at Merrill ? Should they have been let go, or were they just fall guys ?
Send in your views. We'll publish the best posts (but keep your contributions anonymous).
Use the 'Comment on this story' button immediately below to let us have your opinion.
READER COMMENTS:
1. 'Bear should use Cayne's supposed 'ill-health' to let me go'.
2. 'Prince of Darkness gets my vote. He should be history'.
3. 'How come no-one's saying that Ken Lewis should get the chop ?'.
4. 'Prince should be Chucked out. Citi needs a business guy, not a lawyer to pull it together. Look how risk manahement has deteriorated under him. The place needs a good shake up, or the stock will continue to fall'.
5. 'If any of these guys manage to dodge the bullet, they should be financially penalised. In Japan, they would get no bonus for at least a year. In less civilized countries, it would be far worse.....'.
6. 'At least Stan isn't getting any severance - not that he needs it with the $160m he'll pick up in stock and options!'.
7. 'If these guys were cashiers at a supermarket and lost money from the till, they would get fired. The only difference is that they dropped $bns rather than a few dollars!'.
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