Stepping down | Family Survival Protocol

This is for those of you following more than just the financial trends and the state of the economy. Those of you who believe there is more to it all than meets the eye. For those of you who still don’t get it , perhaps seeing the numbers in black and white will make you wonder and peak your interest enough to make you want to delve deeper. To try to understand what is not made readily available unless you seek it out. The truth of Reality is not only what you make of it is what you do with it as well ……….

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Robert Zoellick, head of World Bank is stepping down. Could this be one of those force-outs?

http://money.cnn.com/2012/02/15/news/international/world_bank_zoell…

2-15-12: World Bank President Zoellick Resigns
http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/
2-16-12: CFO of ANZ Bank Resigns Amid Turmoil
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoil
2-14-12: Nicaragua Central Bank Head Quits Amid Row
http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html
2-17-12: Credit Suisse’s Private Bank Chief Asian Economist Tan Resigns
http://www.businessweek.com/news/2012-02-17/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html
2-18-12: Embarrassment for Merkel as German president resigns in disgrace after trying to bag the press
http://www.dailymail.co.uk/news/article-2102524/German-President-Ch…
2-16-12: Andrew Chick to lead Royal Bank of Scotland’s Australian arm
http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981
2-13-12: Kuwait central bank chief resigns amid political tensions
http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html
2-15-12: Slovenia’s Two Biggest Banks’ CEOs Step Down as Woes Mount
http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
2-06-12: Dhanlaxmi Bank CEO Amitabh Chaturvedi quits
http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html
2-10-12: Tamilnad Mercantile Bank MD resigns
http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/
2-17-12: Blankfein out as Goldman Sachs CEO by summer? (not an actual resignation, but a possible pending one). Blankfein denies the rumor: http://www.huffingtonpost.com/2011/05/06/lloyd-blankfein-goldman-s_…

http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/?…

Another possible resignation? http://www.buenosairesherald.com/article/89277/iran-denies-central-…

Prosecutors Seek Jail Time For Former PM Silvio Berlusconi
http://www.iowastatedaily.com/news/world/article_ae325e8a-5800-11e1…

Berlusconi Could Get Five Years
http://www.independent.ie/breaking-news/world-news/berlusconi-could…

Panel Supports Arrest Of Berlusconi Ally
http://www.upi.com/Top_News/World-News/2012/01/10/Panel-supports-ar…

Johnson & Johnson CEO Weldon To Step Down In April

http://finance.yahoo.com/news/johnson-johnson-ceo-weldon-step-00333…

Four Priests Charged In Vatican Banking Scandal
http://articles.businessinsider.com/2012-02-09/europe/31040509_1_an…

Switzerland’s Central Bank Chief Resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html

Virginia National Bank Feud
http://www.readthehook.com/102524/bank-feud-chairman-giles-quits-vn…

Bank feud: Chairman Giles quits VNB with other directors
A feud over corporate governance compounded an already painful December for a major Central Virginia financial institution. Virginia National Bank has experienced a leadership shake-up that has seen nearly one third of the board of trustees quit including the chairman, Mark Giles.
“My resignation is effective immediately,” Giles tells President Glenn Rust in a December 19 letter that followed an apparently contentious meeting earlier that day. Neither Rust nor Giles, who spent nearly a decade as the Bank’s first president and who chaired the board since 2005, returned repeated telephone messages.
Two other board members, Ms. Claire Gargalli and Mr. Leslie Disharoon, also quit that same Monday in what the bank concedes was a disagreement over the composition of its board of directors. A fourth director on the 13-person board, Neal Kassell, resigned two days later for unstated reasons.”

Olympus Accounting Cover-Up Scandal
http://www.nytimes.com/2012/02/17/business/global/7-arrested-in-oly…

http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20…

SEOUL, Feb. 10 (Yonhap) — The head of South Korea’s No. 5 lender Korea Exchange Bank (KEB) stepped down after completing his three-year term on Friday, and handing over to his successor, the role of completing the deal to sell the bank to a local counterpart.

Head of Russian Bank Regulator Steps Down
http://newsley.com/articles/head-of-russian-bank-regulator-steps-do…
“The head of supervision at Russia’s central bank has resigned after a series of scandals in which regulators failed to detect massive mismanagement in some of Russia’s largest banks. Gennady Melikyan, deputy governor of the central bank in charge of bank supervision, announced he would step down on Sept. 9.

AJK Bank’s Executive Steps Down
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-onli…
MIRPUR (AJK) – Zulfiqar Abbasi, Member Board of Directors & Member Audit Committee of The Bank of Azad Jammu & Kashmir, has resigned from both his offices as a protest against the non-functioning of the bank in line with the stipulated banking norms, rules and regulations.
Submitting his resignation to the AJK Minister for Finance Ch Latif Akber, who is also Chairman of the Bank of AJK, Mr Abbasi said that for the last two years he had been insisting the AJK govt to mend their ways towards the affairs of the bank of AJ&K since they were trying to run the bank like a govt department with serious irregularities and violations and their handpicked incompetent management.

Saudi Hollandi Banks MD quits
http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:w…
RIYADH: Saudi Hollandi Banks Managing Director Geoffrey Calvert has resigned for personal reasons, the bank announced yesterday. On accepting his resignation at the board of directors meeting held yesterday in Riyadh, it was decided to appoint Dr. Bernd Van Linder, general manager of the treasury, to be the acting managing director of the bank succeeding Calvert.

Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages/finance/201202/57429.php
Investment banker, Ken Ofori-Atta has stepped down as the Executive Chair of the Databank Group. He announced his retirement from the investment bank on Tuesday. This will relive him of the day-to-day administration of the firm even though he will stay on as the ceremonial chair.
Mr. Ofori Atta tells JOY BUSINESS he is forced to step down for health reasons.

Social finance pioneer Hayday steps down from Charity Bank
http://www.socialenterpriselive.com/section/news/people/20120214/soc…
Malcolm Hayday, CEO and one of the founders of Charity Bank, has decided to step down from the post this year.
Under Hayday’s leadership, Charity Bank has grown from concept to launching as the world’s first general registered charity that is also an authorized bank.

Two Top Morgan Stanley Bankers Resign
http://www.stockbroker-fraud.com/lawyer-attorney-1133774.html
NEW YORK (Reuters) – Morgan Stanley’s (NYSE:MWD – news) two top investment bankers resigned on Wednesday, increasing the pressure on Chief Executive Philip Purcell and raising questions about whether the securities firm can remain independent.
The resignations are the biggest blow yet in a battle raging between Purcell and a group of eight former Morgan Stanley executives seeking to oust him.
Joseph Perella, Morgan’s investment banking chairman and company vice chairman and one of the best-known bankers on Wall Street, resigned after 12 years at the firm. Tarek “Terry” Abdel-Meguid, a long-time Perella deputy and the head of investment banking, also quit.
The firm quickly named new co-heads of its Investment Banking Division and said Perella and Meguid had agreed to stay on for an unspecified transition period.
“Morgan Stanley simply cannot be managed if this much turmoil exists within,” Punk, Ziegel & Co. analyst Dick Bove said. “And if it cannot be effectively managed, I don’t see how Purcell can stay at the top.”
Morgan Stanley’s board responded directly to the dissidents on Wednesday, criticizing their campaign and reaffirming its support for Purcell.
At least 10 traders and bankers have left the firm since Purcell shook up management in the securities business late last month. The departure of Perella is especially painful because of his stature on Wall Street and his recent support for Purcell.

Key Chavez Minister Resigns Amid Banking Corruption Fallout
http://www.laht.com/article.asp?CategoryId=10717&ArticleId=348565
CARACAS — President Hugo Chavez lost one of his closest and oldest collaborators as Science and Technology Minister Jesse Chacon submitted his resignation after his brother was arrested in connection with the crisis in which state control has been imposed on six banks.
Arne Chacon was arrested by the state security service, DISIP, after three more banks, Banco Real, Baninvest and Central, were “intervened” by the government, in addition to the four banks — Canarias, Banpro, Bolívar and Confederado — that were first taken over on November 20 on orders from Finance Minister Ali Rodriguez Araque. Two stockbroking houses have been raided by Disip and prosecutors since then, one of which is said also to have been put under direct state control.
Brought before a court, Chacon was ordered to be held in custody pending further investigation of his possible involvement in three banks, reports said. Chacon’s brother, the minister, said that when he’d heard the news “I called the president and told him that in these conditions I would prefer to resign so that there would be no doubt about our transparency in this investigation.”

Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-c…
LONDON — Michel Péretié, head of Société Générale’s corporate and investment banking division, is leaving the French bank to pursue other opportunities.

Mr. Péretié, who held the position for three years after joining the bank from Bear Stearns, will be succeeded by the division’s chief financial officer, Didier Valet, according to a statement from Société Générale.

More U.S. CEOs leaving jobs, study says

Theresa Tedesco Oct 14, 2011 – 8:10 AM ET | Last Updated: Oct 14, 2011 8:52 AM ET

http://business.financialpost.com/2011/10/14/more-u-s-ceos-leaving-jobs-study-says/

Here’s a list of 40 RESIGNATIONS FROM WORLD BANKS that have happened since last September, with dates. Some were already posted. 8 were in 4Q December, 8 in January, and 25 so far in February. Thanks to PatR for this information:

(1) 9/25/11 (SWITZERLAND) Bank chief resigns over ?1.5bn rogue trader crisis
http://www.dailymail.co.uk/news/article-….g-scandal. html

(2) 10/29/11 (CHINA) Resignations Suggest Shift for China’s Banks
http://online.wsj.com/article/SB10001424052970203687504577003734190522426.html

(3) 11/01/11 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more-directors-beed-district-bank-resign

(4) 11/21/11 (JAPAN) UBS?s Japan Investment Banking Chairman Matsui to Resign
http://www.bloomberg.com/news/2011-11-22….-to-resign.html

(5) 11/29/11 (Iran) Iran’s Bank Melli CEO Resigns Over Loan Scam
http://www.dailymotion.com/video/xlcznz_….-loan-scam_news

(6) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.com/article/2011/12/15/coutts-fleming-idUSL6E7NF23S20111215

(7) 12/22/11 (FRANCE) Societe Generale?s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/22/s….ief-steps-down/

12/23/11 (USA VA) Bank feud: Chairman Giles quits VNB with other directors
http://www.readthehook.com/102524/bank-f….other-directors

(8) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down
http://www.ftadviser.com/2012/01/05/ifa-….GM/article.html

(9)1/09/12 (SWITZERLAND) Switzerland’s central bank chief resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html

(10) 1/12/12 (United Kingdom) Lloyds? head of wholesale quits
http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-quits/

(11) 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief quits

(12) 1/30/12 (UNITED KINGDOM) Head Of UK Private Bank Steps Down [Butterfield Private Bank]
http://www.wealthbriefing.com/html/artic….s_Down&id=43933

(13) 1/20/12 (JAPAN) Normura’s head of wholesale banking quits
http://www.euromoney.com/Article/2959021….king-quits.html

(14) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September
http://www.bloomberg.com/news/2012-01-29….september.ht ml

(15) 1/21/12 (Greece) Banks’ top negotiator quits Greece, but talks go on
http://www.france24.com/en/20120121-bank….ce-but-talks-go

(16) 2/02/12 (VENEZUELA) Key Chavez Minister Resigns Amid Banking Corruption Fallout
http://www.laht.com/article.asp?CategoryId=10717&ArticleId=348565

(17) 2/05/12 (USA – NY) Two Top Morgan Stanley Bankers Resign
http://www.stockbroker-fraud.com/lawyer-attorney-1133774.html

(18) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html

(19) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank
http://articles.economictimes.indiatimes….anti-eka mbaram

(20) 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)
http://finance.yahoo.com/news/iran-denie….-164154294.html

(21) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal
http://articles.businessinsider.com/2012….ces-italian- tv

(22) 2/10/12 (KOREA) Korea Exchange Bank chief steps down
http://english.yonhapnews.co.kr/business….0005100320.HTML

(23) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/india/n….resigns/464259/

(24) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/business/i….rOAR_story.html

(25) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-02-14….s-amid-row.html

(26) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank
http://www.socialenterpriselive.com/sect….n-charity-ba nk

(27) 2/15/12 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/

Did the White House tell the World Bank president that he’s out?
http://bosco.foreignpolicy.com/posts/201….nt_that_hes_out

(28) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO’s (2) resign
http://www.bloomberg.com/news/2012-02-15….os-resigns.html

(29) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign
http://www.centralbanking.com/central-ba….governor-resign

(30) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages/finance/201202/57429.php

(31) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits
http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:www.a1saudiarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4&hl=en&ct=clnk&gl=us

(32) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoill

(33) 2/16/12 (UNITED KINGDOM) Royal Bank of Scotland Bankers Arrested
http://www.telegraph.co.uk/finance/finan….tax-probe.htm l

(34) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://www.theaustralian.com.au/business….j-1226272513981

(35) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer
http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/

(36) 2/17/12 (SWITZERLAND) SNB Council President To Leave Central Bank
http://online.wsj.com/article/BT-CO-20120217-710604.html

(37) 2/18/12 (PAKISTAN) AJK Bank?s executive steps down
http://www.nation.com.pk/pakistan-news-n….+Latest+News%29

(38) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down
http://newsley.com/articles/head-of-russian-bank-regulator-steps-down/206711

(39) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/2012-02….an-resigns.html

(40) 2/20/12 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank
http://investing.businessweek.com/resear….vcapId=25695731

HEDGE FUND INVESTORS IN TROUBLE:
2/15/12 (UNITED KINGDOM) Hedge fund boss whose explosive emails finally caught up with him
http://www.telegraph.co.uk/finance/finan….- with-him.html

courtesy Kerry cassidies blog, project Camelot
2/6/12
Romanian prime minister and cabinet resign en masse
http://www.guardian.co.uk/world/2012/feb/06/romania-pm-cabinet-resign
2/20/12 (GERMANY) GERMAN PRESIDENT Christian Ruff resigns (financial corruption charges)
http://www.dailymail.co.uk/news/article-2102524/German-President-Ch…
RESIGNATIONS FROM WORLD BANKS:
(1) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis
http://www.dailymail…ng-scandal.html
(2) 10/29/11 (CHINA) Resignations Suggest Shift for China’s Banks
http://online.wsj.co…4190522426.html
(3) 11/01/12 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more-directors-beed-district-bank-r…
(4) 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://www.bloomberg…-to-resign.html
(5) 11/29/11 (Iran) Iran’s Bank Melli CEO Resigns Over Loan Scam
http://www.dailymoti…-loan-scam_news
(6) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.c…E7NF23S20111215
(7) 12/22/11 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nyti…ief-steps-down/
(8) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down
http://www.ftadviser…GM/article.html
(9)1/09/12 (SWITZERLAND) Switzerland’s central bank chief resigns
http://www.aljazeera…5612935171.html
(10) 1/12/12 (United Kingdom) Lloyds’ head of wholesale quits
http://www.bankingti…holesale-quits/
(11) 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief quits
http://www.expatica….its_202395.html
(12) 1/20/12 (JAPAN) Normura’s head of wholesale banking quits
http://www.euromoney…king-quits.html
(13) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September
http://www.bloomberg…-september.html
(14) 1/21/12 (Greece) Banks’ top negotiator quits Greece, but talks go on
http://www.france24.com/en/20120121-banks-top-negotiator-quits-gree…
(15) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh…
Goldman Sachs Execs Leaving In Droves
http://www.nypost.com/p/news/business/so_who_yelled_fire_x118Tb4ZHN…

Tags: Arrests, Banking, Banks, CEO, Corporate, Directors, disclosure, freedom of inormation, Global, Resigning, Retiring, shtf, Stepping down, stocking supplies, survival

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