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CEO Watch: CEO Turnover at Home Versus Abroad
April 9, 2008
CEO Turnover at Home Versus Abroad
CEO Departures, a study released by Weber Shandwick, revealed a shift in CEO departures among the 500 largest revenue-producing global companies.
As the global economy continues to evolve, especially with the increase in cross-border mergers and acquisitions, these results emphasize the importance of communications professionals' role in succession planning.
Among the results:
- European CEO departures increased 41% in the first three quarters of 2007 compared with the same period in 2006;
- CEO turnover in North America continued to decline from 2006 to 2007, from 8.7% to 6.7%;
- 28% of CEOs who left office in the first three quarters of 2007 did so involuntarily;
- European CEOs were more likely to be pressured to leave their jobs than their regional counterparts;
- 2007 had a greater proportion of insider CEO successions than seen in 2006 (70% versus 64%, respectively); and,
- Asia Pacific CEO turnover appears to be relatively stable at 16.4%, having increased only slightly from the same time last year.
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May 21, 2008
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June 11, 2008
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