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Fear Porn: Mass Exodus has begun. CEOs bugging out/retiring, leaving…..

http://www.allnewspipeline.com/Mass_Exodus_CEOs_Bug_Out.php

This discussion has to do with fear porn, whether created by incomplete information or by deliberate lies.  This article looks like the former. 

So 500 CEO’s have resigned in the last six months or so.  It sounds like a lot, but is it?  There needs to be some context, like “CEO resignations/retirements are up 50%” or something.

I did some digging around and found this link:  http://www.whenshtf.com/threads/26930-Over-150-CEO-CFO-Execs-Retire….

Back in 2010, there was a “mass exodus.”  In something like three weeks, 150 CEO’s resigned or retired .  I was unable to locate any particular information on “how many CEO’s, on average, retire each year,” which would give a benchmark with which to compare the 500 exodus number.

If you look at the ages of the CEOs, you might find that this is more a sign of baby boomers hitting retirement age, boomers who have been around since a lot of these industries got started perhaps.

Anyway, in my quest for context, I found this site: http://www.statisticbrain.com/ceo-statistics/.  If there are roughly 400,400* Chief Execs in the US, then 500 resigning or retiring is a mere .0013 percent.  So, that is not a mass exodus.  (If General and Operations Managers equate to CEO’s — I don’t think they do — then the percentage would be insanely small.)

However, it is a trend to watch.  Keep track of the numbers and if and when they start to grow exponentially, then that will be some solid information.

Allpipelinenews.com seems to be a spin-off of two people who used to be on beforeitsnews.com.  Kudos that they are trying to get information out, but bad or incomplete information is worse than no information at all, in my opinion.  It creates unnecessary fear, such as this article, which is poorly researched (basically taking other people’s work) and compiling into something that sounds reasonably true, but may not be true at all.

http://cicerosghost.com/2015/05/12/fear-porn-mass-exodus-has-begun-...

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Comment by Cheryl Nelson on May 23, 2015 at 1:55pm

Well said, Joy.  Ain't that the truth?

Comment by JOY on May 23, 2015 at 10:36am

Also, I think what this article is aluding to is that the market has had its ride in the flow of money and jumping out of the car before it crashes. We might take head to that and hold on to our seatbelts.  Unfortunately, I am not one that can just take my money and run since I do not have the money to run with!! LOL  You know it is normally the ones that have nothing to lose that says to heck with you!  You know all the money and all the harvard education will not take away from common sense and down right humbleness.  If you are already humble it will not effect you that much and if you have common sense you may land on your feet like a cat and bounce right back.  If all you got is money and book smarts you may not make it!!!  

Comment by JOY on May 23, 2015 at 10:22am

This is soo TRUE, What was also failed to mention is there was a big realignment of bankers as well.  Buyouts like crazy and still going on.  DB is one that is not mentioned and it was during this time frame 2010 - 2012 as well that the FOUNDER got booted out and replaced.  Now guess who the Founder of DB is?  There are still much of this still going on with the BIG banks and scandals all you have to do is search about all the scandals involving big banks and all the fines being slapped on them there is nothing else I can say w/o facing some consequences.

Comment by Kim B on May 12, 2015 at 10:32am

LOL there is really no where that the elite can hide  unless they go to Mars....

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