Photo: Challenger, grey & Christmas
The rate of CEO departures is stuck around 100 per month for the third year in a row, according to Challenger, grey & Christmas. In fact this year is on track for the lowest turnover on record.Through August only 4 CEOs were fired — and Carol Bartz makes 5. The rest departed through the natural attrition by retirement, resignation and other departures.
Challenger CEO John Challenger attributes the slowdown to economic uncertainty: “The steady pace of CEO turnover over the last two-and-a-half years could indicate that companies are waiting to see how the recovery plays out before making any dramatic changes in leadership.”
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