Study: Forced CEO Departures Remain Near Record Levels

Jan. 13, 2005
By John S. McClenahen If your company bid an unscheduled farewell to the CEO last year, you have company. Although dismissals of underperforming chief executives dropped to 31% of all CEO departures from 39% in 2002, the overall rate of dismissals ...
ByJohn S. McClenahen If your company bid an unscheduled farewell to the CEO last year, you have company. Although dismissals of underperforming chief executives dropped to 31% of all CEO departures from 39% in 2002, the overall rate of dismissals increased 170% from 1995 through 2003, consulting firm Booz Allen Hamilton reported May 17. Some 9.5% of the world's 2,500 largest publicly traded companies changed their CEOs in 2003. Last year, utilities, telecommunications firms and information technology companies around the world had the highest rates of forced CEO turnover. Financial services firms had the lowest, according to the Booz Allen study of 237 CEOs who left office in 2003.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!