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CEO Turnover Grows -- And Here Are Reasons Why; Too often, says analyst, the boss isn't prepared to take on his new job.(MANAGING FOR SUCCESS)

Investor's Business Daily

| May 02, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: BRIAN DEAGON

With the myriad of corporate scandals in the past few years and increased scrutiny of chief executives from all directions, it's tough being a CEO.

CEO turnover jumped 25% in March, with 129 departures, according to Challenger, Gray & Christmas. It was the fifth straight month of higher turnover.

George Brandt, CEO of PrimeGenesis, an executive coaching firm, says it will get tougher.

"In the last few years the rate of CEO failure has increased, and we expect, with directors and shareholders getting even more involved, it will continue to accelerate," said Brandt.

PrimeGenesis, which helps executives navigate through their first 100 days at a new job, used its experience to compile a list of the seven most common reasons CEOs fail.

Those reasons are:

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