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2012 Contenders

U.S. Senate (Republican): Jim DeMint (South Carolina)

Posted by on Dec 31, 2012 in 2012 contender | 0 comments

Why this is a big quit: Senators typically do not resign from the U.S Senate mid-term. However, Jim DeMint, a staunch republican, abruptly decided to leave the Senate to become the head of the Heritage Foundation amid his second term. DeMint is known as a Tea Party hero and he built a solid foundation for the conservative base in the U.S government. His departure may scramble the political landscape in South Carolina. Why it’s not as big as our Top 10: With this change, DeMint certainly is not working against his cause, so the Republican...

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Panera Bread: John Maguire (COO & Executive Vice President)

Posted by on Dec 31, 2012 in 2012 contender | 0 comments

Why this is a big quit: Maguire worked for Panera Bread for almost two decades. He started as a manager in a Panera restaurant and moved his way up to eventually become the COO and Executive Vice President. Maguire significantly exemplifies upward mobility to people who just started or currently struggle with their careers. Interestingly, Maguire left the company that he had been so committed to for years to take over the CEO position at Friendly’s which just emerged from bankruptcy earlier this year. Why it’s not as big as our Top 10:...

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RadioShack: James Gooch (CEO)

Posted by on Dec 31, 2012 in 2012 contender | 0 comments

Why this is a big quit: As increasingly more customers turn away from retail stores to make electronics purchases online, it is not surprising that RadioShack has underperformed for the past two years. To respond and to capitalize on the growing mobile marketplace, RadioShack refocused on selling smartphones over more profitable electronic items like cables. RadioShack did not have a successor to replace James Gooch immediately; so the future of RadioShack remains a big question mark. As the holiday shopping season closes, RadioShack may too....

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Quest Diagnostics Inc: Dr. Surya N. Mohapatra (CEO)

Posted by on Dec 31, 2012 in 2012 contender | 0 comments

Why this was a big quit:    Quest has been on an unpredictable acquisition spree with and after Athena and Celera. It’s also undergoing business restructuring.  Stable leaders are needed to focus on integrating already-acquired businesses and leveraging existing return on assets. Mohapatra was CEO at Quest for 8 years. He steps down at a timelaboratory service providers face increasing pressure from managed care companies to reduce testing costs, as well as uncertainty about potential government reimbursement cuts tied to health reform....

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Yahoo: Scott Thompson (CEO)

Posted by on Dec 31, 2012 in 2012 contender | 0 comments

Why this is a big quit: Thompson’s resignation hits Yahoo, the Internet pioneer and once the world’s most visited website, as another in a series of leader setbacks (Ed Note: On the “Biggest Quits List” or a Contender more often than any other company). Under increasingly intense competition with Google and Facebook, Yahoo has been dogged by management turmoil that it had hoped to end by hiring Thompson. Apparently Yahoo’s wish did not come true and Thompson left Yahoo more fragile than before. Why it’s not as big as our Top 10: Thompson was...

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US House of Representatives (Democrat): Jesse Jackson Jr (Illinois)

Posted by on Dec 31, 2012 in 2012 contender | 0 comments

Why this is a big quit: Jesse Jackson Jr., son of civil right activist and former presidential candidate Jesse Jackson, was heading for a bright future in politics several years ago. There was an expectation that he would succeed his famous father as a leader in the social causes. Jesse Jackson Jr. held public office for nearly 17 years dedicated to advancing the Democratic party’s social agenda. His family and legacy is synonymous with equal rights and public service. Despite his disappearance in June, and claim of suffering from health...

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Livestrong Charity: Lance Armstrong (Chairman & Founder)

Posted by on Dec 31, 2012 in 2012 contender | 0 comments

Why this was a big quit: An outstanding figure in philanthropy, and by some accounts the greatest athlete in cycling, Lance Armstrong is famous worldwide for winning 7 Tour de France competitions. His charity organization promotes positive images with, and raises funds for, people fighting cancer. For many years, Armstrong has used his athletic celebrityhood to make a lasting contribution to society. His success inspired cancer patients everywhere, spreading his reach far beyond the insular world of cycling and cementing his place in...

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Citigroup: Vikram Pandit (CEO)

Posted by on Dec 31, 2012 in 2012 contender | 0 comments

Why this was a big quit: When Pandit’s announcement of resignation went public, it was the biggest surprise that everyone knew was coming. Citi’s official line was sparse, Pandit left voluntarily, and that’s all they had to say about that. Pandit’slieutenant, John Havens also stepped down, leaving an immediate void to fill. To his credit, Pandit proved capable of leading the company through the most difficult times, quadrupling stock price from the single digit valley in March 2009. Why this is not as big as our Top 10: Along with a stagnant...

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