All too often, the abrupt executive departure is an intricate work of fiction, an elaborate kabuki dance intended to hide from investors what is really happening. Sometimes it reads like a hackneyed novel: spending more time with the family, pursuing other interests, a fine job well done, etc. go figure
But it can be much worse. For that, look no further than the March 2011 departure of Michael Roseman from MF Global (MFGLQ), which is now infamously in bankruptcy court. (The company’s former chief executive, ex-New Jersey senator and governor Jon Corzine, is scheduled to testify before the House Agriculture Committee today, telling them, among other things, that he doesn’t know why $1.2 billion in client funds are missing.)
Roseman left his position as MF Global’s chief risk officer after raising concerns
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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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