Management Turnover as Change Agent

Monday, July 14, 2008

Recommended Reading - Bank Chiefs in Europe Face the Axe, International Herald Tribune

As the credit/financial crisis continues to fester European Bank executives seem to be finding themselves in a similar position with their counterparts in the United States who have been packing their bags for the last number of months.  According to a story by Julia Werdigier for the International Herald Tribune,
For the most part, chief executives at European banks have been able to hold on to their jobs while reporting billions of dollars of write-downs, even as they watch their U.S. counterparts clearing their desks.

But as financial markets sour and investors become increasingly concerned about further write-downs, pressure on at least two executives on the Continent is mounting.
Check out the problems bank execs in Europe seem to be facing.

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