It is deeply disturbing that the Executive Office (President) can demand that a CEO or other Officer of a Corporation step down or resign. Shouldn’t the Company’s Board of Directors or it’s shareholders be involved with making these requests or decisions?
Where will this lead? Will you hear a knock at your door one night and be dragged out into the street and away never to be seen again? I know this is an extreme example for certain. But, should the President have the power to make this sort of demand. I don’t clearly see this outlined in our constitution.
What do you think?
One of the many factors to look at is how the corporation is setup and their “duties/accountabilities”. In some cases it isn’t up to the shareholders. In the instance you are writing about The Board President can to that effect demand to step down and resign. This also would depend on the circumstances and evidenturary being presented as to the reason for the resignation or stepdown. Then there is they type of corporation they are set up as and how the circumstances and evidenturary apply to legal issues(if any). In your example these types of incidents could have occurred historically. Because you are very general in your statement there is no way of determining how this is outlined in the constitution (if applicable). In the autoindustry when you have the UAW, Chicago Politics, Washington Politics it is a recipe for destruction.
Pearls of wisdom from Rush Limbaugh-”I maintain that when a politician says, ‘We have to listen to the American people and learn,’ that we are pandering and not leading.”
I believe the president is taking actions he knows are not defensible if put under constitutional scrutiny, but that the congress being democrat ruled will let him go on unchallenged. The minority republicans must act either as a body or with what’s left of the free enterprise system to haul the administration into courts of law on many of these issues, much the same as in FDR’s administration. “Just say no” needs to be the mantra, not the thing to fear, and when congressional votes are not enough the courts and citizens must be counted on.