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New Online Voting Poll: Credit Union CEOs on the Firing Line?

WEST PALM BEACH, Fla. - In recent weeks a number of prominent credit union CEOs have left their positions, but did they want to? While many CEO departures are depicted as mutually agreed upon partings of the ways, there are often behind-the-scenes things occurring that lead to CEOs leaving the...

By Staff Writer | Updated on January 13, 2004

WEST PALM BEACH, Fla. – In recent weeks a number of prominent credit union CEOs have left their positions, but did they want to? While many CEO departures are depicted as mutually agreed upon partings of the ways, there are often behind-the-scenes things occurring that lead to CEOs leaving the credit union. Some so-called resignations are actually agreed upon terminations to save face publicly. In other cases, boards simply terminate the CEO with little warning. That leads to Credit Union Times’ latest online voting poll: What do you think leads to most credit union CEO terminations? * CEO falls out of favor with the board for reasons other than performance; * CEO falls out of favor with the board for performance-related reasons; * Someone is working behind the scenes to become CEO; * Board feels the need to make a change. Log on to www.cutimes.com to cast your vote.

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