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 often as outsider results continue to disappoint.
Booz Allen's conclusions are similar to those Liberum Research has been providing to our email subscribers for the last year and a half. For details on the Booz Allen study go to the firm's site.
For more on the study:
New York Times
International Herald Tribune
Press Release
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