After 12 years on the job Pepsi’s Indra Nooyi is stepping down from her post.
While this is notable for her accomplishments of keeping the company profitable in the face of sagging soda sales, Nooyi is only the latest company chief to step down.
There has been much turmoil in the C-Suites of corporations worldwide. And while this does not pertain to Nooyi directly over the last 12 months there have been more than 3,900 executives who have resigned their positions.
While comparable numbers are not readily available from the usual sources since then do not break out cause for exit, the 3,900 figure seems large for just resignations, not including retirement or moving to a new job.
Most of the resignations have to do with criminal allegations where charges may or have been filed. The #MeToo movement has claimed a minority of these resignations, but a vast majority have been over mismanagement of money either by the CEO or staff.
Not sure what to make of the 3,900 number, but I thought it worth noting it as we go forward. To keep an eye on the magnitude of the changes going on with corporations and possible ramifications down the road.