Management Shake-Up

Management Shake-Up

A situation where senior management is replaced or reassigned to different roles.
References in periodicals archive ?
Wal-Mart archrival Target might also see a management shake-up, but "for different reasons," Weinswig said.
A management shake-up at Credit Suisse First Boston, one of the nation's biggest investment banking firms, resulted in the shifting of a top executive to a newly created position away from money management.
The appointments are the latest in a series of management shake-ups announced by Cricket South Africa as the team look to bounce back from a disappointing World Cup.
Years of management shake-ups at Stirling Council have been unsettling for staff and seen progress falter say auditors.
The answer isn't privatisation or management shake-ups. It's more money.
The appointment is the latest in a series of management shake-ups in the company which helped build Burj Khalifa -- the world's tallest tower and comes after an Abu Dhabi investor increased its stake in the company.
In a statement, the European Union's executive arm said Greek banks would face due-diligence audits and possible management shake-ups in return for their share of billions of euros from the region's taxpayers and the International Monetary Fund.
Last year Abu Dhabi launched a strategic review of government spending that saw major projects pushed back, funds frozen and numerous top-level management shake-ups.
However, despite repeated delays, management shake-ups, cement delivery dilemmas, site-worker unrest and the economic crisis the current management remains confident.
SAN FRANCISCO: With shrinking audiences, deep layoffs and two management shake-ups, MySpace, the one-time leader in Internet social networking, has had a rocky year.
But by the time the financial crisis hit in 2008, they were in a strong position, thanks to management shake-ups and an injection of capital from the Chinese government that helped them get rid of their nonperforming loans.The biggest of the state-owned banks, the Industrial and Commercial Bank of China, is now the worldAAEs largest by market capitalization (although that status changes day to day) and the most profitable.As of October 2009, Chinese banks held $5.8 trillion in outstanding loans, outpacing Japan, according to the International Monetary Fund.
``Indeed, history suggests that a deep banking crisis is not over until the sector has been subject to broad re- capitalization and management shake-ups.`` The International Monetary Fund this month changed its forecast for global economic growth to 3.7 percent for 2008 from an earlier projection of 4.1 percent.
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