British bank Barclays is expected on Tuesday to name American Bob Diamond, one of the world's highest paid bankers, as its new chief executive who will take charge next year, reports said.Diamond, estimated to be worth around 95 million pounds (145 million dollars, 115 million euros), will succeed John Varley who steps down in March after seven years at the top job, the Times and Financial Times dailies said.He is currently head of investment banking division, Barclays Capital, which pulled in huge profits in the first six months of this year.
I have recently discovered a new website that provides many more links to the ongoing resignations, this time focusing more on the corporate and political side (as American Kabuki's already covering the banking part).
Here's the link, it is from a Facebook page:
Facebook: Global Mass Resignations
Now this page is extremely complete, so I won't be going through all of the list (it's actually bigger than American Kabuki's). As with everything else, there are some meaningless resignations, and there are some very big ones.
According to this page there are 66 government resignations, 92 from big companies and corporations and up to 35 arrests and active investigations. It is very interesting to see that these resignations aren't simply happening on the banking/financial side of our world. It is even more exciting to see what I would consider a lot of PUBLIC arrests (how many more arrests and investigations are happening behind-the-scene?).
Another thing: the Pope. There have been rumors about the Pope and a possible resignation later this summer. I have read 3-4 articles on the subject, but I thought these RumorMillNews post resumed the situation in a great way:
Rumors And Speculations On Pope Resignation Later This Summer
This is a 5 part post, the 4 other parts are at the bottom of the page.
So let's get graphical!
Here are some interesting visuals of the ongoing resignations:
Resignations separated in months:
By general location:
By countries:
By banks:
Source: News-US.jp
So that's pretty much it. I feel this week has been the most intense yet, and it goes with what a lot of people have been saying: the momentum should only grow, and it shouldn't stop.
I think it's pretty evident now that this is not a "nothing to see here, move along folks" type of situation, as we are seeing a lot of important people from many different sectors resigning all at once. Once again, not all these resignations have something behind them, because as some people pointed out, lots of bankers are waiting for their yearly bonuses to leave office.
I'm not sure if I've covered everything I wanted to, if I did forget something I will update further down the comment section.
So let's see what this week will bring, if the momentum will keep on building. I would expect that, as Greece defaulted Friday and many people are waiting for tomorrow to see if it's gonna crash or not. There are possibilities that Greece could burst the derivative bubble, which would create a great economic recession for the whole world (if not a total blow up of the global financial system). Is this what they have been resigning for? Not to be part of the great global crash? Next week looks promising!
Thoughts?
edit on 11-3-2012 by Gab1159 because: (no reason given)
