News: Slew of CEO Resignations Sweeping World

Posted: 2012/02/22 in News
Tags: , , , , , , , , , ,
February 19th 2012 

If one didn’t know better, one would almost certainly think that something huge was about to happen in the world of banking and finance.

Over the past few weeks, a slew of high-level resignations have occurred around the world.

On Wednesday, World Bank President Robert Zoellick said he would be stepping down, raising the possibility that a non-American might be selected to head the 187-nation lending organization for the first time in history.

Zoellick, 58, informed the board he would depart on June 30 at the end of a five-year term, during which he led the bank’s response to the global financial crisis.

In addition to Zoellick:

- ANZ Bank CFO Peter Marriott announced that he would resign

- Nicaragua Central Bank President Antenor Rosales has resigned

- Credit Suisse chief Joseph Tan resigned

- German President Christian Ruff has resigned

- Royal Bank of Scotland‘s Austrailian CEO Stephen Williams resigned

- Kuwait Central Bank CEO Sheik Salem Abdulaziz Al Sabah, a member of the Gulf nation’s ruling family, has resigned

- The CEOs of Slovenia’s TWO top banks have both resigned. Andrej Plos, the chief executive officer of Nova Kreditna Banka Maribor, resigned, as did, Bozo Jasovic, the CEO of the larger Nova Ljubljanska Banka.

- Bank of India CEO Amitabh Chaturvedi has resigned

- A. K. Jagannathan, chief executive at Tamilnad Mercantile Bank, resigned

On top of all this, there is an unconfirmed rumor swirling about that, despite his previous statements to the contrary, Goldman Sachs Chairman and Chief Executive Lloyd Blankfein may be about to step down as well.

Is the Eurozone financial crisis to blame for this onslaught of resignations or are  we instead seeing a sweeping regime change unfold with regard to who controls the majority of the world’s finances?

One thing is for certain – something big is happening…a changing of the guard of epic proportions.

It will be interesting to see how this plays out.

Grab some popcorn, this should be good.

  1. Jerry Day says:

    Zoellick “led the (World) Bank’s response to the global financial crisis” ?? If he led the “response”, then who caused the crisis? Zoellick was some innocent bystander who had nothing to do with engineering the “crisis” which happened to make trillions for his bank? I will assume this site is an arm of the World Bank’s PR office.

    • NeoAbolitionist says:

      Sorry you get that impression. I hope you’ll check out the rest of the site and determine that we are certainly not an arm of the World Bank. This site firmly opposes banks that use states to enforce and enrich themselves.

      I would also like to mention that this article does not offer any positive support for any of these CEOs, including Zoellick. You are reading heavily into this. Zoellick did, in fact, lead the bank’s response to the situation the World Bank and others like it had a hand in creating. This article is not specifically about the banksters and their fraud, but it is a short warning that the rats are bailing out after getting their bailouts.

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