TITLE

Rate of global CEO turnover has plateaued

PUB. DATE
July 2007
SOURCE
Corporate Board;Jul/Aug2007, Vol. 28 Issue 165, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the result of the sixth annual survey by Booz Allen Hamilton Inc. related to chief executive officer (CEO) turnover. It was found that corporate boards have replaced underperforming CEOs quickly, as they focus more on grooming in-house leaders. It is stated that in 1995 to 2006, annual CEO turnover has grown 59%, and performance-related turnover has increased by 318%. Meanwhile, in 2006, 20% of all CEO departures are related to mergers and acquisitions.
ACCESSION #
25582118

 

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