Hobson: Investors Should Know Why Top Bosses Leave

THE WEEK: Morningstar columnist Rodney Hobson says he wouldn’t put his money into a company that cannot tell the truth about why top executives leave

Rodney Hobson 31 August, 2018 | 12:50AM

WPP Sir Martin Sorrell

Is the summary dumping of chief executives without explanation contagious? Just a few weeks ago Sir Martin Sorrell was deposed without warning at media and advertising group WPP (WPP) and the rest of the board was widely castigated for not saying why, apart from hints about his behaviour.

Now, in an entirely unconnected case, supplier of specialised technical products and services Diploma (DPLM) says Richard Ingram has stepped down from his role and left the board with no more explanation than that the board believes that a change in CEO is in the best interests of the company and its shareholders.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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