Quote:
Originally Posted by m3ray
So what is the source of this lovely information?
Whatever the Board of Directors want? What are they going to do, chain you to your desk 
2 weeks folks, 2 weeks. |
2weeks notice on Top executive position would bring very nice result on the next trading day on a wall street.
Why do you think they talk with their team, and bod before they resign?
10-12% decline in mkt cap would be nice. classy....
Quote:
Originally Posted by ddk632
C level executives are not the typical employee.
They have contracts which may spell out their exit strategy and replacing a CEO is not the same as replacing a Director of Whatever. Yes, most states are "right to work" states, but that does not preclude contracts from stating that if X notice is not given, then Y severance is not to be paid.
Often times a CEO may even be ousted by the board to, err, "voluntarily resign" usually many months down the line.
I can see an SVP giving more than a two week notice.
But director level? Directors are a dime a dozen. It's a step above Manager or Sr. Manager. I've seen a director ousted at the drop of a hat.
3-5 month notice for a director is crazy.
That all being said, it all depends on one's relationship with their employer and their position within the corporate structure.
I stand by my statement that 2 weeks is sufficient for virtually anyone save C level execs and SVP's. In some companies VP might be part of that list also, but not necessarily.
This is all my opinion, because in reality I just operate an orange stand which I admittedly don't even own. We don't have a corporate structure. But, I did stay at a Holiday Inn Express once in 2004.
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I agree ^