Financial Times (October 20)
“In just six weeks, Truss cratered the Conservative party’s poll ratings and unleashed turmoil on financial markets. She was forced into a U-turn on her “mini” Budget involving £45bn of unfunded tax cuts, sacked her chancellor and ousted her home secretary.” After vowing to fight on, she then delivered “one of the shortest and bleakest resignation statements in modern British history: she was quitting after only 44 days in office.”
Tags: Bleakest, Budget, Conservative Party, Cratered, Financial markets, Ratings, Resignation, Shortest, Tax cuts, Truss, Turmoil, U-turn
Bloomberg (September 10)
“In Japan, is there one standard of justice for Japanese executives and another for non-Japanese executives? The forced resignation on Monday of Nissan Motor Co.’s chief executive officer, Hiroto Saikawa, certainly seems to suggest as much.” At this point, “would any non-Japanese manager really be interested in taking the helm at Nissan given what happened to Ghosn? It’s a little hard to envision.”
Tags: CEO, Executives, Japan, Japanese, Justice, Nissan, Non-Japanese, Resignation, Saikawa, Standard
Investment Week (May 23)
“The resignation of leader of the House of Commons Andrea Leadsom has accelerated expectations of the departure of Prime Minister Theresa May, who is set to step aside or be forced out within days.” The Prime Minister is “facing opposition throughout Parliament and even in her own cabinet.”
Tags: Cabinet, Expectations, Forced out, Leadsom, May, Opposition, Parliament, PM, Resignation, Step aside
Wall Street Journal (November 20)
“South Korea would benefit most from a thorough investigation that prompts political reform rather than a rush to impeachment.” Furthermore, securing President Park’s resignation or impeachment “could reverse many hard-fought decisions that the Korean electorate gave her a mandate to make,” like closing down the Kaesong Industrial Complex, deploying a U.S. missile-defense system and sharing intelligence with Japan to counter the North Korean threat.
Tags: Impeachment, Intelligence, Investigation, Japan, Kaesong Industrial Complex, North Korean, Political reform, Resignation, South Korea, U.S. missile defense
Reuters (November 16)
“It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency.” With the resignation of SEC Chairman Mary Jo White, who was a proponent of regulation, Trump’s team will have a relatively free hand. “Some rules already are marked for death or dialback.” Among them are the conflict mineral disclosure requirements and “a proposal that would require companies to disclose pay ratios between their CEOs and employees.”
Tags: CEOs, Conflict minerals, Dialback, Employees, Mary Jo White, Pay ratios, Regulation, Resignation, SEC, Trump, U.S.
Time (February 25)
Seven years after becoming Pope, “his strength is gone, and in a striking, even revolutionary act of humility, Benedict has announced his resignation as the Vicar of Christ, effective at 8 p.m. Rome time on Feb. 28. A figure as controversial as John Paul II was popular, Benedict XVI has yet again flummoxed his many critics by becoming the first Pope in six centuries to abdicate the Chair of Peter. And it is now possible that his most enduring act of public witness to the Gospel will be the remarkable spectacle of a prince of the church voluntarily surrendering the things of this world… an example of Christian piety that was quite unexpected.”
Tags: Abdicate, Benedict, John Paul II, Pope, Resignation, Unexpected
