The CEOs who have recently stepped down in South Africa

[Jamie McKane]

The CEOs who have recently stepped down in South Africa

Numerous high-profile chief executives have announced they are stepping down over the past five months, including a few well-known tech and telecoms CEOs.

The COVID-19 pandemic and subsequent lockdown have put tremendous pressure on companies, with tough trading conditions and dwindling revenues.

 

[DapperDanMan]

Welcome to the frenzy, bitches!

F.U.C.K each and every one of you - also the ones who didn't make the dishonourable mentions cut in this article. (And the same goes for the ones who will be cut down soon.)

 

[backstreetboy]

including a few well-known tech and telecoms CEOs.

I don't know any of them.

 

[DapperDanMan]

Context:



Our hearts bleed for you at this time, CEO's.

 

[Anthro]

Resignation.info | Notable Resignations Worldwide

Notable Resignations Worldwide

www.resignation.info

Interesting stuff mixed with some tinfoil hats

 

[Pineapple Smurf]

When will the CEO of South Africa please step down?
I'm looking at you Uncle Cyril

 

[Lucas Buck]

Spur CEO and COO. So Covid achieved what the Spur "protest" couldn't.

 

[RaptorSA]

That's what happens when you're Captain Diktrill.
Going gets tough and it's time to bail out...
Welcome to the lives of the 99%, but without the getting out part.

I can confidently say I worked my liewe lewende p**s suur the past few months to save up some cash to spoil myself, the type of cash that these guys make in hours.

 

[CataclysmZA]

Oh, well.

Maybe WebAfrica can stop being kak, now?

 

[obsidian86]

CEOs are stepping down to dodge coming loss reports

 

[HavocXphere]

Context:

View attachment 902934

Our hearts bleed for you at this time, CEO's.

Interesting. Anybody know if this checks out?

 

[obsidian86]

Interesting. Anybody know if this checks out?

For America yes it does there are many stats backing up inequality since the 50s

 

[DapperDanMan]

Interesting. Anybody know if this checks out?

You're right, the 937% statistic is completely and utterly inaccurate.

CEOs Are Making Millions While Laying Off Thousands Of Workers And Filing For Bankruptcy

It's fair to appropriately award CEOs when they add value to their companies. It's tone-deaf and inappropriate to reward executives who preside over companies that fail and seek bankruptcy protection due to mismanagement or layoff thousands of workers, while receiving lush compensation packages.

www.forbes.com

Shared sacrifice or empty gesture? Many CEOs still rake in millions after giving up pay | Fin24

Even CEOs are starting to get squeezed by the economic realities of this pandemic.

www.news24.com

Hint: Apparently it is 940%.

 

[envo]

they made enough money off the backs of hardworking South Africans to call it quits and buy their way into another covid-free country

 

[Moto Guzzi]

Was expected, it make totally sense, however the CEO is only the righhand of a Board of Directors, but at least some smoke.

 

[Vicks]

Say what? Anyone else confused by the Web Africa statement?

“Webafrica CEO Tim Wyatt-Gunning stepped down on 1 July 2020 and was replaced by Sean Nourse, who has served as MWEB CEO for the past three years.

Wyatt-Gunning has been Webafrica CEO since October 2011, and said it was the right time to find a successor with fresh ideas.“

 

[deweyzeph]

I would love to know how many of these CEO's are also directors of the company (as in legal directors listed at CIPC) and how many are also shareholders of the company they head.

 

[Gordon_R]

It's tough out there:

Former Spur chief executive Pierre van Tonder has survived a suicide attempt

Former Spur chief executive Pierre van Tonder shot himself in the basement of his Sea Point, Cape Town flat on the morning of Sunday, May 2, 2021 in an apparent suicide attempt. Van Tonder survived the incident and is currently in a critical condition in a Cape Town hospital.

www.dailymaverick.co.za

 

[Gordon_R]

It's tough out there:

Former Spur chief executive Pierre van Tonder has survived a suicide attempt

Former Spur chief executive Pierre van Tonder shot himself in the basement of his Sea Point, Cape Town flat on the morning of Sunday, May 2, 2021 in an apparent suicide attempt. Van Tonder survived the incident and is currently in a critical condition in a Cape Town hospital.

www.dailymaverick.co.za

RIP:

Former Spur CEO Pierre van Tonder has died | Business

Former Spur CEO Pierre Van Tonder has been in a critical condition in a Cape Town hospital for a week.

www.news24.com

 

[ToxicBunny]

So very sad, but I think expected after he shot himself. If he survived he would not even vaguely be the same person, or probably not even a vaguely functioning human being (assuming he attempted to shoot himself in the head)