Recommended Reading - CEOs Who Should Go

Morgan House in a piece for The Motley Fool December 5 lists three CEOs that should go:

1. Angelo Mozilo, Countrywide Financial CFC (NYSE) already on my CEO Watch list.
2. James Tobin, Boston Scientific BSX (NYSE)
3. John Mackey, Whole Foods WFMI (NASDAQ)

For now, I would add Scott A. Edmonds, CEO of Chicos FAS CHS (NYSE). Chico's owns and operates specialty stores throughout the United States. The boutiques target middle-to-high-income women ages 25-40 with clothes made primarily from natural fabrics. The company's results have continued to perform poorly under Edmonds' leadership and now might be a good time to seek a change in leadership and strategic direction for the firm. In a story by Reuters

The company reported a 44 percent drop in third-quarter net profit on Tuesday and forecast weaker-than-expected results as sales continued to slump in November. The company's shares slid 8.7 percent in extended trading following the announcement, in which it also said it was scaling back its expansion plans for 2008.

"We are greatly disappointed with our performance to date," Chief Executive Scott Edmonds said in a statement. "Numerous challenges continue to affect the entire retail sector."

Third-quarter net profit fell to $23.6 million, or 13 cents per share, from $42.1 million, or 24 cents per share, a year earlier.

While retail has been under pressure, Edmonds has failed to demonstrate the leadership and the talent to right the company ship. Keep an eye on Chicos.