commondreams | A record number of CEOs left their positions in October, a corporate
outplacement firm reported Wednesday, the most in one month since the
2008 recession.
The news from Challenger, Gray & Christmas raised eyebrows—and concerns over a possible incoming recession—Wednesday evening at progressive news co-op The District Sentinel's radio show.
"Maybe this means nothing, maybe this is a coincidence," said show
co-host Sam Sacks. "Or maybe rich people can see the writing on the wall
and are cashing out right now."
Sacks and co-host Sam Knight weren't the only ones who saw the news as possibly indicative of economic upheaval on the horizon.
"Sign of a recession?" wondered Globe and Mail reporter Paul Waldie.
According to Challenger, Gray & Christmas' report, 1,332 CEOs
have already left their companies, far outstripping the total 1,257
departures by this time in 2008. A total 1,484 CEOs left their positions
by the end of 2008.
