Management Turnover as Change Agent

Tuesday, September 29, 2009

Are executives Beginning to Find Themselves Back on the Hot Seat?

Liberum Research’s executive turnover numbers do not yet show an increasing turnover trend. There are, however, more and more specific situations where CEOs and CFOs are resigning as corporate performance has lagged. Just yesterday, Silicon Image SIMG (NASDAQ) the connector chip maker’s CEO, Steve Tirado, resigned after the firm announced its third quarter revenues were expected to be much lower. We are beginning to see more and more top executives leave their positions as their respective firms have failed to perform.

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