Leica CEO Fired

Change might be a good thing. We do not know what got screwed up. Lee was hired before the last consolidation and that might be the reason for his departure.
 
A CEO gets removed for one thing and one only.
Under-performance.
No right minded board of directors will fire a CEO when he is bring in the cash.
 
But not like this. I that case there are the usual face-saving evasions, three-month hand-over etc. This summary dismissal suggests an acute personal conflict with the owner, one should not suppose something more sinister, but I guess even that is possible.
 
Sometimes good CEO gets fired for the wrong reasons.
Steven Job left Apple once . . . now he's back . . . and there's iMac, iPhone, iPod. . . .
 
pizzahut88 said:
Sometimes good CEO gets fired for the wrong reasons.
Steven Job left Apple once . . . now he's back . . . and there's iMac, iPhone, iPod. . . .
Click to expand...

Steve Jobs got too successful too young and developed a bad case of hubris. But he's a brilliant guy and once he grew up he came back and did the heavy lifting Apple needed to survive.
 
jaapv said:
But not like this. I that case there are the usual face-saving evasions, three-month hand-over etc. This summary dismissal suggests an acute personal conflict with the owner, one should not suppose something more sinister, but I guess even that is possible.
Click to expand...

I don't know about how European corporations work, but in the US (and Lee is an American with considerable corporate experience) a CEO's hiring would be contractual, not be what we call here "at will", meaning, he can't be summarily dismissed without cause. There would be certain causes for which he could be immediately dismissed such as unethical or illegal conduct. Firing a CEO because the chairman of the board didn't like his personality, not to mention making a public announcement that removes all chance of face-saving, and damages his chances at finding another position of responsibility with another corporation, would most likely result in that CEO filing a ton of lawsuits against his former employer and walking away with an enormous settlement. Again, I don't know how it works in Germany, but as an outsider who can only filter it through American thinking, it comes off as if Lee committed some kind of very serious offense. If that is not the case, given that he probably will come back to the USA, I hope this doesn't ruin his career. I only met him once, and briefly, and he seemed like a personable sort. Utmost he was a Leica user and fan long before he was considered for the CEO-ship.
 
I'm sorry....

I'm sorry....

pizzahut88 said:
Sometimes good CEO gets fired for the wrong reasons.
Steven Job left Apple once . . . now he's back . . . and there's iMac, iPhone, iPod. . . .
Click to expand...

u-what? u did what?
 
I think that Leica is working with consultants link Mckinsey or similar fashion, devising a corporate long term strategy. It is now or never for Leica for survival. Sink or swim!

Mark
Quito, EC
 
Ben Z said:
Utmost he was a Leica user and fan long before he was considered for the CEO-ship.
Click to expand...
hmm...I wonder if his kit is up for sale. I wouldn't want to be him sending it in for warranty adjustment/repair. ;)
r
 
Lee was fired for th M8 debacle and so he should be.
Just to think at one time I was considering buying TWO of the things.
 
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