It is time to say ta-ta to Samir Brikho, chief executive of oilfield support services titan Amec Foster Wheeler (LON:AMFW).
He's been in the job ten years so it is entirely possible that he fancied a change, but on the other hand, he is also the man who sanctioned Amec's £2bn takeover of Foster Wheeler back in the days when the price of oil was a heady 100 bucks a barrel; it is less than a third of that level now and the takeover is looking less smart.
The company halved its dividend in November and the market responded in due course by halving the company's share price.
In summary, then, he might have got tired of the sound of knives being sharpened.
Over a thousand workers at Tata Steel's British plants are to say ta-ta to their pay packets, as the Indian company swings the axe.
Port Talbot has been hardest hit, with 750 jobs at the plant in South Wales set to vanish.
Karl Koehler, chief executive of Tata's European operations, put the blame on the tough conditions exacerbated by overseas competitors dumping steel in the UK.
"We need the European Commission to accelerate its response to unfairly traded imports and increase the robustness of its actions,” Koehler maintained.
Meanwhile, Emma Watkins, the director with responsibility for Wales at the bosses' pressure group the Confederation of British Industry said the job losses are a real setback to the Welsh economy.
“Chinese steel imports look to be having a big impact and it’s important that the European Commission urgently reports back on whether the market has been distorted unfairly by excess market supply,” Watkins said.
Almost 5,000 jobs have been lost in the British steel industry since last summer.
It was, perhaps, not the best time for Oxfam to release a report that asserts that the 62 richest people in the world have as much money in aggregate as do the poorer half of the world's population in aggregate.
Yikes.
The release of the report was timed to coincide with the gathering of the wealthy and influential at Davos.
According to Oxfam, the aggregate wealth of the poorest 50% of the world's population fell by 41% between 2010 and 2015 – and that's despite the world's population increasing by 400mln during that period – while the wealth of the richest 62 people rose by US$500bn to US$1,760bn.
In the small caps world, the star story today has been Ceres Power (LON:CWR), after it signed a new joint development agreement with the research & development arm of power systems developer Honda.
Speaking to Proactive Investors earlier today, chief executive Phil Caldwell said the deal was a huge endorsement of its technology, and “puts us on the map”.
Ceres Power's model is to get its technology embedded in the kit of the global players, and today's news should provide a real door-opener for the company.
The shares were up more than a fifth in the morning session.