No One is Coming to Save Us: Not Even A CEO

A CEO Choosing the Beach

A CEO (chief executive officer) of a billion-dollar asset management firm announced he will be leaving the company. Why? To “sit at the beach and do nothing.” After three decades in the UK, he is heading back to Australia.

Headline reported by Bloomberg, reads: “Andrew Formica, the CEO of Jupiter Fund Management PLC, announced that he will be leaving the $67.9 billion company due to personal reasons, including wanting to be closer to his elderly parents.”

“I just want to go sit at the beach and do nothing,” he said in an interview. “I’m not thinking about anything else.”

The CEO Questioning

Looks like CEOs are also entering The Great Questioning. And as Jack Kelly shares in his Forbes article: “Believe it or not, the CEOs have feelings and emotions that are not too different from the workers in their organizations.

Recent studies show that the top executives … are growing tired of the unrelenting stress, pressure and accompanying burnout. Similar to the folks who’ve left their jobs in pursuit of a better work-life balance, C-suite executives are following suit.”

Over 500 CEOs left their jobs in 2022, according to Challenger, Gray & Christmas. There is an increasing…