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Europe Faces Growing Criticism Over Sacked CEOs

Aarti Maharaj | July 29, 2015

In an effort to drive strategic change and invest in a new talent, some banks are left with no other choice than to drop the axe on their leaders. While ditching chief executives was once at an all-time high in the U.S., it seems that the attention has shifted to Europe.

A Financial Times article reports that there has been a shift in power in some of Europe’s major banks such as Credit Suisse, Deutsche Bank, Standard Chartered and Barclays—a sign that the past still weighs heavily at Europe’s top financial institutions. The article points out that dealing with the post-financial crisis remains a major hurdle for many companies and now even regulators are feeling the heat, with Martin Wheatley ousted from the Financial Conduct Authority.

In all of these cases, Britain stands out the most. As companies and regulators look to change its strategic direction and usher in a new culture, a few emerging trends have come to light:

Based on the ...

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