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Article: CEO Turnover Remains High at World's Largest Companies, Booz Allen Hamilton Study Finds.
- Article from:
- Business Wire
- Article date:
- May 22, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Merger-related CEO Changes Provide Substantial Boost to Stock Prices
Worldwide, Nearly One in Three Departing CEOs Left Office Involuntarily
NEW YORK -- Global CEO departures have leveled off at a high plateau, and less than half of CEOs leaving office in 2006 departed under normal circumstances, according to the sixth annual survey of CEO turnover at the world's 2,500 largest publicly traded corporations released today by management consulting firm Booz Allen Hamilton. The study found that corporate boards are quicker than ever to replace underperforming CEOs, as they focus more on grooming in-house leaders and turn to outsider and interim CEOs less ...