10 big stock pops from departing CEOs

Investors cheered when Wellpoint announced its CEO Angela Braly would step down from the post. Many times, it's the best going away gift a leader can give.

Wellpoint CEO Angela Braly
angela braly

For outgoing CEOs, little hurts the ego more than seeing the stock of their company pop soon as they announce they're leaving. It's a harsh reality that WellPoint CEO Angela Braly faced last week when she resigned from the top spot at the second-biggest U.S. insurer.

On August 28, the company's shares gained 4.1% to $59.75 on news Braly was resigning (She was one of 20 women running Fortune 500 companies). During her five-year tenure, investors grumbled as WellPoint missed earnings estimates and cut its forecast twice in four months. Even before Braly's departure, investors had reportedly been touting other candidates to head the company.

Braly is not alone, however. Over the years investors have greeted plenty of departing CEOs with a cheer. Here's a look back at the most memorable.


@FortuneMagazine - Last updated September 06 2012 01:23 PM ET
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