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"Maybe The Rich See The Writing On The Wall": CEOs Stepping Down At Highest Levels Since 2

• https://www.zerohedge.com by Eoin Higgins

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.


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