Rate Of CEO Departure Is At Record Low As Companies Fear Change

CEO departures

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.”

Now read why some CEOs are more likely to get the boot >

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