Recent Blog Posts
-
Tesla Tests Crossover Market With Model X
Feb 10 20123:50 pm EDT -
Groupon Keeps 'Em Guessing
Feb 09 20128:27 am EDT -
When Business Takes a Same-Sex Marriage Vow
Feb 07 20127:16 pm EDT -
Klout Looks to Take Influence Local
Feb 07 20124:07 pm EDT -
Netflix Faces a Fresh Rival
Feb 06 20122:41 pm EDT -
LivingSocial Losses Shouldn’t Shock
Feb 02 20123:28 pm EDT -
Big Primping at Gilt City
Feb 02 201211:42 am EDT -
How About a Raise?
Jan 31 201211:09 am EDT -
Show Us Your (Wild, Bold, Extreme) Cards
Jan 30 20122:54 pm EDT -
Is Groupon a Daily Deal Bully?
Jan 30 201211:51 am EDT
Revolving Doors Spin Faster
C'mon Corporate America, you can do it! Just 225 more to go!
The pace of turnover in the corner office is reaching record levels, reports the outplacement and executive coaching consulting firm Challenger, Gray & Christmas. As of the end of September, the departures of 1,132 chief executives have been announced so far this year, a 9 percent increase from the same period a year ago.
This year is on pace to surpass the record 1,478 C.E.O. exits set in 2006 (remember the stock options backdating scandal?) The firm's survey began in 1999.
There were 140 C.E.O. departures in September, 18 in financial services. Perhaps not surprisingly, of the total only 35 were retirements.
"With many companies, including banks, retailers and manufacturers, at risk of takeover or failure, the odds of further C.E.O. departures are high," said John Challenger, chief executive of the firm.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
500 Startups Hits New York