Hundreds Of CEOs Resigned Just Before Coronavirus Spread Globally And Stock Market Crashed. Why?

(Tea Party 247) – We have witnessed, over the last three weeks, the most devastating stock market crash in history along with the biggest public health crisis in a generation.

At the same time, hundreds of CEOs have been resigning at a rate never seen before.

What is going on?

The End of the American Dream asserts that “corporate insiders also sold off billions of dollars worth of shares in their own companies just before the stock market imploded.”

In life, timing can be everything, and sometimes people simply get lucky.

But it does seem odd that so many among the corporate elite would be so exceedingly “lucky” all at the same time.

In this article I am not claiming to know the motivations of any of these individuals, but I am pointing out certain patterns that I believe are worth investigating.

In November, NBC News described a “great CEO exodus” that at that point was just starting to take place:

Chief executives are leaving in record numbers this year, with more than 1,332 stepping aside in the period from January through the end of October, according to new data released on Wednesday. While it’s not unusual to see CEOs fleeing in the middle of a recession, it is noteworthy to see such a rash of executive exits amid robust corporate earnings and record stock market highs.

Last month, 172 chief executives left their jobs, according to executive placement firm Challenger, Gray & Christmas. It’s the highest monthly number on record, and the year-to-date total outpaces even the wave of executive exits during the financial crisis.

By the end of the year, a record 1,480 CEOs had abandoned their posts.

At the time, it seemed likely that the booming, record-breaking stock market was to blame and these CEOs just knew when to fold ‘em.

While a slow-down was being anticipated, an economic recession of this magnitude was never projected.

Here are the names of the CEOs who stepped down in 2019:

Dennis Muilenburg — Boeing

United Airlines — Oscar Munoz

Alphabet — Larry Page

Gap — Art Peck

McDonald’s — Steve Easterbrook

Wells Fargo — Tim Sloan

Under Armour — Kevin Plank

PG&E — Geisha Williams

Kraft Heinz — Bernardo Hees

HP — Dion Weisler

Bed, Bath & Beyond — Steven Temares

Warner Bros. — Kevin Tsujihara

Best Buy — Hubert Joly

New York Post — Jesse Angelo

Colgate-Palmolive — Ian Cook

MetLife — Steven Kandarian

eBay — Devin Wenig

Nike — Mark Parker

Then, during the month of January 2020 alone, a stunning 219 CEOs stepped down.

At this point, End of the American Dream explains:

…It was starting to become clear that the coronavirus that was ripping through China could potentially become a major global pandemic, and I certainly can understand why many among the corporate elite would choose to abandon ship at that moment.

Some of these CEOs have made absolutely absurd salaries for many years, and it is much easier to take the money and run than it is to stick around and steer a major corporation through the most difficult global crisis that any of us have ever experienced.

Here are the CEOs who stepped down in 2020…so far:

Bob Iger, CEO of Disney

Ginni Rometty, CEO of IBM

Harley-Davidson CEO Matt Levatich

T-Mobile’s CEO John Legere

LinkedIn CEO Jeff Weiner

Mastercard CEO Ajay Banga

Keith Block, co-CEO of Salesforce

Tidjane Thiam, CEO of Credit Suisse

Hulu CEO Randy Freer

EAD continues:

It is important for me to say that I do not have any special insight into the personal motivations of any of these individuals, and every situation is different.

But I do think that it is quite strange that we have seen such an unprecedented corporate exodus at such a critical moment in our history.

Meanwhile, top corporate executives were dumping billions of dollars worth of shares in their own companies just before the market completely cratered. The following comes from the Wall Street Journal…

Top executives at U.S.-traded companies sold a total of roughly $9.2 billion in shares of their own companies between the start of February and the end of last week, a Wall Street Journal analysis shows.

The selling saved the executives—including many in the financial industry—potential losses totaling $1.9 billion, according to the analysis, as the S&P 500 stock index plunged about 30% from its peak on Feb. 19 through the close of trading March 20.

In the stock market, you can only make money if you get out at the right time, and the corporate elite seem to have very good timing, don’t they?

Perhaps they just got really lucky. Or perhaps they were reading my articles and understood that COVID-19 was going to cause the global economy to shut down. In any event, things worked out really well for those that were able to dump their stocks before it was too late.

And it turns out that several members of Congress were also selling stocks just before the market went nuts…

Sen. Dianne Feinstein of California and three of her Senate colleagues reported selling off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports.

The data is listed on a U.S. Senate website containing financial disclosures from Senate members.

Of course most ordinary Americans were not so “lucky”, and the financial losses for the country as a whole have been absolutely staggering.

The good news is that there was a tremendous rally on Wall Street on Tuesday, and that will provide some temporary relief for investors.

But the number of confirmed coronavirus cases continues to escalate at an exponential rate all over the globe, and this crisis appears to be a long way from over.

40 COMMENTS

  1. So sad that these clowns are selfish and to the point of having the love of money syndrome, But if the dollar crashes so also do their dollars they are so blind of the consequences that will come upon us all, but will have to answer to God for the suffering of the billions of people who are affected by their lust. Ecclesiastices chapter 12 1-14, and especially verse 14. “God shall bring every work into judgement, WITH EVERY SECRET THING, whether it be good, or whether it be evil.

    God has everything in control, but so sad people chose to do evil. God help all of us.

  2. At least two of those CEO’s left their positions because their companies are in financial trouble. Bob Iger is now 69 and been at the head of Disney since 2005. That’s a long run for him. So, while I don’t doubt that some of these retirement may have been “too” timely to be believable, some of them were not unexpected.

    As for Bill Gates, those of you who are home schooling your children and dealing with Common Core have him to thank. The Gates Foundation was an extremely strong champion of Common Core. As a former home school parent (not with Common Core), please know y’all are in my thoughts and prayers.

  3. Well, put a seat warrant on their heads! If they are brought alive have a rope and some soap to finish the job. Is the second time in twenty years they are running away with our money! Even W Bush the Idiot say it ” foul me once your mistake, foul me twice and it is mine!” Not sure if he understood what he said, but at least once he was right. In today interconnected World, all those crooks have nowhere to hide themselves, or the money they stolen. TWICE! Let’s do that! Let’s hunt them down!

    • And by the way, stop editing my comments! When I said a death warrant I didn’t mean to say seat warrant! Capish?!

  4. NWO written all over it. One world government. No accident B. Gates led a global practice run on how to handle Coronavirus outbreak just weeks before, then resigns his CEO job to dedicate himself to global warming and developing vaccines. Now proposing a WORLD certificate REQUIRED to show vaccination record. Vaccines he will likely make and sell.

  5. This virus was designed and engineered by man. Bill Gates is heavily involved and to some degree so is Obama. This CEO exodus is very well coordinated and planned. There is more than one way to enact a government coup.

  6. Selling off $million-billion equities will depress the stock market as reportedly happened by Warren Buffet, Bloomberg, Soros, Steyer, the aforementioned titans above, enumerated Senators, many scores others who profited &/or saved their fortune either in wilfull or unintended manipulative collusion with the Dems, media, Wall Street, possibly China/Russia/Iran too, all adversely impacting the US & world economies.
    And we the American & poor citizens with great difficulty to recover for a while are sadly left to suffer the drastic consequences. Alas & alack! But this will be pro-actively solved & aggressively rectified soonest.

  7. Someone should do the research into their possible connection to the NWO (which Trump is against), and see if it happened to be connected to the agenda of getting rid of President Trump and proceeding with their plans. Can you say, Elite? Can you say, Illuminati? Many rich and powerful people are joined in this endeavor, and they want who they want at the leadership table of America. Trump can’t be bribed, bought, or badgered into doing things their way. So, Trump must go, is their motto. What better way to do it, as a group of heavy investors, than to dump stocks just when things are going better than they ever have? It is not a coincidence, folks. Nor was it in 1929.

  8. Wasn’t this about the time when Biden was in China with his son making some kind of million dollar deal ? Could be he’s in the middle of coronavirus
    and Feinstein and all the rest of the creeps !

    • How many millions will go to the CEOs for retiring and how many will retire with full benefits, with includes paid insurance. Do they see that their companies may go bankrupt. Dairy maids couldn’t milk it likes people.

  9. This market has been a fraud for ever, and all of the wage slaves down here have no choice but to have our pensions and 401 K accounts tied into this fraudulent industry!!! This market needs to be revamped just like our government and banks (Federal Reserve), way too much corruption!!!!

    • Agreed! It all started once we went off the gold standard. When fractional banking came into play, the U.S. people were screwed!

  10. Any senator or congress person who sold securities based on privilege information should be removed from their posts, charged for insider trading, and fined a multiple of their gains. No exceptions and done IMMEDIATELY. No long drawn out hearings with more Washington BS.

  11. When I think of all these CEO’s, one image comes to mind: remember the 1984 version of “A Christmas Carol” with George C. Scott, and remember the scene where his associate Jacob Marley visits him from hell, all chained up and carrying his boxes of money tied up to his soul. These scumbag types are the worst society has to offer. While average Americans are hurting and doing whatever possible to survive the crisis and helping our neighbors any way we can, these rats are literally jumping ship and hoarding their money, while not moving a finger to help their fellow Americans. I bet many of then have ties to China. What is especially insidious and morally irresponsible is to leave companies to fend off for themselves with new people in their vacant positions, robbing them of their acquired experience and expertise at the expense of the company. I know for sure if they don’t repent, they will go to hell. They might not care right now, but time flies and death comes to us all one way or another.

  12. We all had this information of the virus and we all knew that with the longest bull market in history something was bound to happen sooner of later. Anyone who is in the stock market should have some common sense and knowledge of how it works. This knowledge does not come over night but instead may take years to develop and understand. Most lessons are made by looses and buying mistakes. Anyone who is crying for loosing their money during this down turn may have no business at all being in it. The stock market is not for everyone unlike what many stock related businesses would have you think. “If the heat gets too hot, get out of the kitchen”.

  13. People forget there were millionaires made during the great depression.The CEOs knew this crash was coming. Bill Gates and friends were already working o a cure for COVID-19 before it started. That throws out a big WHY. It is my belief after doing a lot of research about coronavirus, other virus, influenza, hepatitis and yes murders and car accidents. Contrary to popular belief numbers do matter. COVID-19 is no where near the top. In fact COVID-19 is at the very bottom. My conclusion is this is a social experiment with the mass hysteria being pushed by the Media and politicians.We even have doctors yelling to stop the panic.

  14. I am sure that all this was just pure coincidence and nothing beyond that! BTW, I am selling the Verrazano bridge, anyone interested???

  15. When large numbers of stockholders sell off their stocks they are contributing to a stock market crash. If they would absorb some of their loses, there would not be a large drop in stock prices. Does not this indicate greed and their lack of concern for other people? History shows this was the initial cause of the Depression of 1929 when large volumes of stock were dumped on the stock market. It would not surprise me if the Learned Elders of Zion are behind the corona virus which has caused many nations to go into further debt to the World Bank which has never been audited. In the objectives of the Protocols, It states they will bankrupt nations in order to set up the One-World Government.

  16. And will they receive any compensation or be rehired? And how close to punishing Martha Stewart’s situation are they?
    Seems to me they might need to look to jail time as she had to.
    To me, seems similar, but not an authority.

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