611 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS as of 4/22/12

358 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS by 3/15/12

81 RESIGNATIONS FROM WORLD BANKS year-to-date 2/27/12 

The above as reported by American Kabuki here. This list includes the following positions: 

CEO = Chief Executive Officer
CFO = Chief Financial Officer
CIO = Chief Investment Officer also can be Chief Information Officer (head of IT)
COO = Chief Operating Officer
EVP = Executive Vice President
CRO = Chief Risk Officer
INC = Incorporated (can be private held or publically traded shares)
PLC = Public Limited Company (publicly traded shares, listed or unlisted)
LTD = Limited Company (privately held)
LP = Limited Partners (partnership with limited liability)
REIT = Real Estate Investment Trust

Then I found that this research is being reported on Above Top Secret, and the poster has done a lot of work. Check out his reports:


Massive Wave Of Resignation From Top Level Bankers. The Elite Are Loosing Their Grip or/and SHTF (Part I)

Massive Wave Of Resignations (Part II): More Fuel To The Fire, Arrests And Forced Resignations In Full Effect

Massive Wave Of Resignation (Part III): Momentum Building Up, Eleven Bankers Resign Today (Feb 27th)

Massive Wave Of Resignation (Part IV): It's Not Slowing Down!


When I first saw the numbers it seemed alarming, as in, what do they know that we don't??? After all, these people are all insiders with high-paying jobs so one would assume they don't walk away from such positions for whimsical reasons. Are the rats jumping ship before it sinks? Do they see something coming that they don't want happening on their watch? My investigation led me from American Kabuki to Activist Post to Above Top Secret, and that was the motherload.

The ATS poster then decided to investigate further and learned that "The Securities Exchange Act of 1934 requires that publicly traded companies must report to the SEC whenever a member of the Board or certain officers resign. Also, the SEC has a database named EDGAR that is open to the public. After a little research, I discovered that corporations must report said resignations on Form 8-K, Item 5.02. From there, it was a simple matter of searching only Form 8-Ks within a specific range of dates, and including the boolean search terms "Resigns" and "Resignation".

"I felt this would at least offer us a baseline comparison to see if there is truly an uptick in resignations, or if it just appears that way. I think you will be interested in the results."

  Wow! That is something! Hmm...what do you suppose is going on?