Jena McGregor wrote a piece for BusinessWeek that examined the surprising slow level of CEO turnover throughout the current recession. While overall unemployment during the same time frame has reached decade highs most top executives with obvious exceptions have managed to stay put. McGregor summed up the situation as follows:
When Abraham Lincoln and Franklin D. Roosevelt campaigned for reelection during wartime, they told voters it was a bad idea to switch leaders midstream. Today, CEOs seem to be convincing their boards of the same thing.
The reporter turned to Liberum for some of her statistics. As reported in the piece, Liberum anticipates an increase in top level turnover as we move into the Fall. Stay tuned.
Recommended Reading – CEO Pensions Encourage Earnings Games, Businessweek Management IQ
October 26, 2009
Recommended Reading – What Makes the Best CEOs? Mergers Can Help., Deal Journal
December 22, 2008
Recommended Reading – The Best CEOs You Didn’t Know, Forbes
December 23, 2008
Recommended Reading – Why Good CEOs Make Bad Moves
January 29, 2009
Recommended Reading – Advice for Outgoing CEOs, Business Week
February 17, 2009
