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Surely you can see why "I have decided to retire right now, effective immediately, today, not even finishing out the week, going home this afternoon and never c

Surely you can see why "I have decided to retire right now, effective immediately, today, not even finishing out the week, going home this afternoon and never comin' back see y'all on the golf course" is going to raise a few eyebrows. It's... not the way this sort of thing is usually handled.

ancorevard 7y ago
Yes, that would raise eyebrows, except that's not the case here at all.
- chipotle_coyote 7y ago
  Those weren't his literal words, but I trust you get my point: in most cases, this sort of transition is handled with something like "Joe Foobar will step down as FoobarCo's CEO at the end of next month, transitioning to [insert obviously ceremonial position]." This is an immediate transition to a position which isn't obviously ceremonial at all. I'm not suggesting anything tragic like a fatal illness, a #MeToo event, or a presidential run, but only suggesting that this is an unusually-handled event. Look at his predecessor Michael Eisner, who was forced to resign after losing a boardroom battle -- Iger was announced as the next CEO in March 2005, but Eisner didn't actually leave until the end of September 2005, over six months later.
  - perl4ever 7y ago
    It's hard to tell from outside of any place. I felt once that I was a victim of attempted "constructive discharge", but I was not (and never have been) immediately marched out after giving my two week notice. Conversely, I had a boss that I never heard anything bad about or a scandal, who was escorted out with his stuff mailed to him after like a decade of service. Nobody admitted to knowing why, except for the usual generic reasons for a layoff.
dragonwriter 7y ago
Er, he's staying on as executive chairman through 2021, so even though he's stepping down as CEO it's not anywhere close to “going home this afternoon and never comin' back see y'all on the golf course”.

ancorevard 7y ago

Yes, that would raise eyebrows, except that's not the case here at all.

chipotle_coyote 7y ago
Those weren't his literal words, but I trust you get my point: in most cases, this sort of transition is handled with something like "Joe Foobar will step down as FoobarCo's CEO at the end of next month, transitioning to [insert obviously ceremonial position]." This is an immediate transition to a position which isn't obviously ceremonial at all. I'm not suggesting anything tragic like a fatal illness, a #MeToo event, or a presidential run, but only suggesting that this is an unusually-handled event. Look at his predecessor Michael Eisner, who was forced to resign after losing a boardroom battle -- Iger was announced as the next CEO in March 2005, but Eisner didn't actually leave until the end of September 2005, over six months later.
- perl4ever 7y ago
  It's hard to tell from outside of any place. I felt once that I was a victim of attempted "constructive discharge", but I was not (and never have been) immediately marched out after giving my two week notice. Conversely, I had a boss that I never heard anything bad about or a scandal, who was escorted out with his stuff mailed to him after like a decade of service. Nobody admitted to knowing why, except for the usual generic reasons for a layoff.

dragonwriter 7y ago

Er, he's staying on as executive chairman through 2021, so even though he's stepping down as CEO it's not anywhere close to “going home this afternoon and never comin' back see y'all on the golf course”.