Boardroom coup
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.
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.
See also
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