Liberum Research - Third Quarter Executive Change Comparisons Show Declines

The overall unemployment figures continue to diverge with executive turnover figures compiled by Liberum. Liberum has just completed analyzing third quarter figures for executive turnover. The key totals showed a continuing decline in executive turnover for CEOs, CFOs and overall C-level management as compared with the same time frames in 2008 and 2007 (view graphs below).

• CEO turnover declined 23%, CFO turnover declined 36% and overall C-level turnover (from board of directors on down to corporate vice presidents) registered a 24% decline for the third quater of 2009 as compared with the third quarter in 2008. The decline percentages were even larger when compared with the 2007 third quarter.

Investors need to keep a close eye on specific executive changes as well as the actual trends.

Half-yearly Executive Turnover Continues to Decline

Liberum continues to see overall declines in executive turnover across key categories. In our latest research, the first half of 2009 saw declines in CEO turnover of 35%, CFO turnover by 42% and C-level turnover of 36% respectively when compared with the same half-year period in 2008. The declines were similar for the second quarter when examined on a quarterly basis. Below are graphical representations of Liberum's most recent research on executive turnover trends for the first six months of 2005 - 2009. Liberum expects executive turnover to begin to slowly increase as we move into the Fall. Summer turnover is expected to remain slow despite the fact that overall unemployment remains extremely high.