South Africa’s CEO Bloodbath
The past few weeks and months have seen arguably the biggest exodus and purge of leaders from South Africa’s top companies and state owned companies in recent history, with more heads expected to roll in future.
Debbie Goodman-Bhyat, Co-Founder of Virtual Coaching Partners and CEO of Jack Hammer, says the crisis playing out in SA boardrooms underscores the need for senior leaders to do more due diligence of their own prior to joining new organisations.
Some are justifiably walking the plank, due to egregious performance in one way or another. Others have become the ‘fall-guy’ for unhappy shareholders, or are departing voluntarily after recognising the ship they are captaining is un-steerable.