Top 10 C-Suite Firings, Hirings and Retirings of the Decade

Top 10 C-Suite Firings, Hirings and Retirings of the DecadeTop 10 C-Suite Firings, Hirings and Retirings of the Decade9. The Firing of The Cruz Missile (Morgan Stanleys Zoe Cruz) (Nov 07)Zoe Cruz was once one of the most powerful women on Wall Street, being groomed by her mentor and boss, Morgan Stanley CEO Johnny Mack, to take over the firm. That is, until Mack reminded us why he holds the nickname The Knife and called Cruz into his office and canned her, making her take the dive for Morgan Stanleys less-than-stellar results. The last we heard of the Cruz Missile she had started her own hedge fund called Voras Capital, named after the mountainous flche in Greece where she was born.8. Morgan Stanley CEO Philip Purcell Pushed Out By the Group of Eight (Jun 05)Phil became the CEO of Morgan Stanley when his previous firm, Dean Witter, Discover after Eliot left his post as New York State Attorney General to become governor, he was famously busted for hanging out and then some with pros titutes). Today, of course, AIG is known as the firm that nearly crushed the financial system in the U.S., while Hank is busy running C.V. Starr & Co., an insurance concern.3. Former Bank One CEO Jamie Dimon Takes Over As President of JPMorgan Chase (July 04)Even though Jamie Blood Dimon officially took over the JPMorgan Chase CEO duties in January 2006, he had been, for the most part, running the day-to-day operations of the huge banking firm since his old company, Bank One, merged with JPMorgan in July 2004. (Incidentally, if you Google dimon takes over jpmorgan chase you will receive this message Did you mean demon takes over jpmorgan chase.)2. Goldman Sachs Chief Hank Paulson Hightails It to Washington (May 06)Little did Hank the Hammer Paulson know that, in May 2006, when he took up former President George W. Bushs offer to serve the country as Treasury Secretary that he would soon be handing out billions of dollars in financial aid to his buddies at his former company as well as to scores of other bankers, while presiding over the Treasury during the worst recession since sliced rye was invented. Hank was succeeded by Timmy Geithner, and now the Hammer is enjoying a quieter life, as a fellow at Johns Hopkins University.1. With Hank in D.C., Lloyd the Prophet Blankfein Gets the Nod as Goldman Sachs Next CEO (Apr 06)When Hank went all government on us, Lloyd was there to pick up where Paulson left off, continuing to do Gods work, banking millions of dollars for himself and billions more for shareholders (with that one tiny blip of accepting a few billion in TARP money and becoming a holding company). Today, with his firm out from under TARP and well back into the black, Lloyd, a mere 54 years young, is poised to run the golden firm on Wall Street well into the next decade.