The bloodletting in the c-suite started in 2007. It still hasn't stopped.
Another year goes by and more chief executives get the ax--probably more than in any previous year. People shook their heads when Charles Prince III at Citigroup and Stanley O'Neal at Merrill Lynch got the boot in 2007. Now it look like they were lucky. They got out just in time.
Martin Sullivan of American International Group (let go in June), Kerry Killinger at Washington Mutual (September) and Richard Fuld of Lehman...Full Story