Boardroom coup

From Wikipedia, the free encyclopedia

A boardroom coup is the sudden overthrow of the management or governing body of a corporation by an individual or small group of individuals, usually from within the company.

[edit] Notable examples

• In 1940, a boardroom coup installed Raymond Postgate as the editor of British magazine Tribune.
• In 1955, Paramount Pictures staged a boardroom coup and assumed control of the DuMont Television Network. They then shut down the network.
• In 1992, John F. Smith became CEO of General Motors after a boardroom coup.
• In 1985, Steve Jobs was stripped of management responsibilities by then-Apple CEO John Sculley, Jobs then resigned.
• In 1997, Steve Jobs ousted Gil Amelio in a boardroom coup to become interim CEO of Apple Computer, and then CEO shortly after.

[edit] See also

• Coup d'état
• Takeover
• Buyout