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> Over 6 months ago, our "C" team was shaken up. Since then almost all execs have been let go or left anecdote: I'm aware of a public financial company that ro
by shoo 8y ago
> Over 6 months ago, our "C" team was shaken up. Since then almost all execs have been let go or left
anecdote: I'm aware of a public financial company that roughly did this a few years ago, followed amongst other things by restructuring - making everyone reapply for a job, possibly changing role, possibly taking a voluntary redundancy payout (at least a few people wanted to stay but it would have been a silly financial decision not to take the payout). also followed by a greater emphasis on attempting to modernize IT & internal development capability.
so I wouldn't necessarily attempt to generalise too much from the observation of the C suite churning. Might depend on why the previous exec team churned. Did they lose the support of some powerful stakeholders? Were they a bit complacent and self serving?
No doubt there are other examples where the C suite churning was a prelude to a mess