Jun 5, 2006
Global CEO turnover reached a record peak in 2005, write Chuck Lucier, Paul Kocourek and Rolf W. Habbel in strategy + business. According to Booz Allen Hamilton’s annual study of CEO churn, over 1 in 7 of the world’s largest 2,500 public companies changed leaders in 2005, versus just 1 in 11 a decade previously. Outright dismissals of top CEOs also increased fourfold compared to 1995 fuelled by mergers and acquisitions, note the authors. [Hat Tip: Egon Zehnder Executive News Service]
Phew ! 1 in 7 ! That's gotta be the toughest jobs. But not here in India though. Boards here continue to be rubber stamps and promoters and their family members continue to be in the CEO's position no matter how much value they destroy !
HR Issues Social Media Organization Development consulting career management business blogging recruiting strategy talent learning innovation leadership management Organizations 2.0 HR2.0 Knowledge Management Social Business networking training talent work skills employment branding Enterprise social software Human resources Social Networking india marketing Enterprise 2.0 business books Employment news Twitter future Business Online Communities communication Social network jobs Facebook personal branding HR professionals network Strategic management Interview Job Search LinkedIn Talent management Community Community Management Recruitment personal the imagence partners Competencies Employee engagement Social Enterprise collaboration Education and Training entrepreneurship salaries Social web Virtual community youth Employee Relations socialmedia lifestreaming coaching Human resource management Knowledge base Sexual harassment Trial and error satyam