GO
Loading...

Who's the Next CEO to Go?

Monday, 5 Feb 2007 | 3:33 PM ET

On Wall Street, there’s a guilty pleasure in watching the rich and powerful stumble. After the resignation of Dell Chief Executive Kevin Rollins, many investors began quietly asking where the axe might fall next. Jon Ogg, the editor of 24/7 Wall Street.com, has accurately predicted changes at the helm of Home Depot , Gap and, as we mentioned, Dell. Today on CNBC’s “Street Signs,” we asked the question that everyone is wondering.

Ogg says Wal-Mart is on his chopping block. The retail giant has suffered a number of missteps recently, including mistakes in its fashion strategy and weakness in its grocery business.

“I think [Wal-Mart CEO] Lee Scott will lose his job by the end of the year,” said Jon Ogg, “if not sooner.”

Not everyone agrees with that.

CEOs Who Must Go
Discussing CEOs whose time should be up, with Jon Ogg, 24/7 Wall St. LLC Editor; Michael Useem, Center for Leadership and Change Management Wharton Director and CNBC's Erin Burnett

“Lee Scott has run Wal-Mart for some time. The company has had some good days," argued Michael Useem of the Wharton School at the University of Pennsylvania. "Before the equity analysts and the investment managers begin to build a drum beat for his ouster, I think they have to … understand his strategy. All companies have ups and downs.”

Who else is on life support?

According to Ogg, Citigroup’s Chuck Prince. “ I think Chuck Prince is out before Wal-Mart is. Wall Street already has the casket going for him, and he’s not showing up for his own funeral yet.”

  Price   Change %Change
WMT
---
  Price   Change %Change
SC0Y
---
  Price   Change %Change
C
---
4331
---
GPS
---
HD
---
WMT
---

Featured

Contact

  • Showtimes

    United States
    Monday - Friday 2:00P ET
    Europe
    Monday - Friday 20:00 CET
    Asia
    Tuesday - Saturday 02:00 SIN/HK
    Australia
    Tuesday - Saturday 04:00 SYD
    New Zealand
    Tuesday - Saturday 06:00 NZ
  • Brian Sullivan is co-anchor of CNBC's "Street Signs."

  • Co-anchor of CNBC's "Street Signs," Amanda Drury is based at the network's global headquarters in Englewood Cliffs, N.J.