Liberum’s January 2012 executive turnover data has continued to show growing turnover within the executive ranks similar to what we have seen for most of the last ten months. January has actually seen a continuing positive trend with regard to the number of people filing new unemployment claims and, even more significantly, the economy has actually generated more jobs. On Friday February 3, the United States Department of Labor’s Bureau of Labor Statistics (BLS) announced its latest employment numbers. The news overall was pretty good, considering what most analysts had expected. The official unemployment rate dropped a modest 0.2% down to 8.3%. According to the BLS’s official Employment Situation Summary released Friday morning:
Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month.
The unemployment rate declined by 0.2 percentage point in January to 8.3 percent; the rate has fallen by 0.8 point since August. The number of unemployed persons declined to 12.8 million in January.
Liberum expects this trend will continue, while ever so slowly.
Below is a breakdown of the key executive category percentage increases for January 2012 compared with January a year earlier and the previous month of December 2011 and here again, the number totals were quite positive.
- For January all four key categories saw increases, CEO changes increased a huge 191%, CFO changes increased 144%, overall C-level (as defined by Liberum Research as board of directors, CEOs, CFOs down to corporate VPs) changes increased 107% and board of director changes increased 11% as compared with January 2011 totals.
- The month to month change in executive turnover was much smaller for December 2011 to January 2012. CEO changes increased 4%, CFO changes increased 21%, overall C-level changes increased 11% while board of director changes declined 5%.
Below are the key statistics for executive turnover for the month of January followed by graphs outlining the total turnover numbers for each key category.
JANUARY 2012 MANAGEMENT CHANGE STATISTICS
C-LEVEL MANAGEMENT CHANGE STATISTICS
GRAND TOTAL – 1855
TOP INDUSTRY SECTORS
> Energy – 175
> Drugs/Biotech – 146
> Banking – 145
JANUARY 2012 CEO CHANGE STATISTICS
GRAND TOTAL – 247
TOP INDUSTRY SECTORS
> Energy – 27
> Banking – 24
> Drugs/Biotech – 23
JANUARY 2012 CFO CHANGE STATISTICS
GRAND TOTAL – 207
TOP INDUSTRY SECTORS
> Energy – 19
> Drugs/Biotech – 18
> Metals/Mining – 15
JANUARY 2012 BOARD OF DIRECTOR CHANGE STATISTICS
GRAND TOTAL – 160
TOP INDUSTRY SECTORS
> Banking – 26
> Energy – 21
> Drugs/Biotech – 16
