But the dog-eat-dog world of business too saw some high-profile resignations, take a look at these five:
1. Who: Martin Winterkorn, CEO, VW
When: September 2015
Why: Winterkorn stepped down following the scandal around the emissions of VW’s diesel cars. An investigation by the Environmental Protection Agency (EPA) concluded that many VW cars being sold in America were fitted with a “defeat device”, software that could detect when they were being tested and faked performance to improve results.
Replacement: Matthias Müller, former CEO of Porsche AG.
2. Who: Camila Batmanghelidjh, CEO, Kids Company
When: July 2015
Why: Camila Batmanghelidjh founded charity Kids Company 19 years ago to help underprivileged children and their families. In August this year, Kids Company closed after allegations of financial mismanagement and sexual offences came to light.
Replacement: No replacement
3. Who: Dov Charney, CEO, American Apparel
When: January 2015
Why: Charney was fired from American Apparel in January this year after it emerged he misused corporate funds. This wasn’t the first time Charney got himself into hot water. In 2004, Charney was accused of sexually harassing female employees. The ethical clothing company filed for bankruptcy in October 2015.
Replacement: Paula Schneider
4. Who: Sepp Blatter, president, FIFA
When: October 2015
Why: Fifa president Sepp Blatter was given a 90-day provisional suspension after members of the football organisation’s ethics committee accused him of signing a contract “unfavourable” to football’s governing body. He was also accused of making a “disloyal payment” to Uefa president Michel Platini.
5. Who: Richard Price, CEO, BHS
When: March 2015
Why: Richard Price announced his resignation from BHS after the retailer lost 800,000 shoppers in the past five years. Sir Philip Green, owner of the 87-year-old chain, sold it to investment fund Retail Acquisitions for £1. At the time of the sale, BHS was debt-free but had made a £69.6m loss on £675.7m of sales in 2013.