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CEOs get insecure. (Business And Economics).(Brief Article)
Chuck Lucier et al., "Why CEOs Fall," in Strategy+Business, Third Quarter 2002 (strategy-business.com)
The job market, three Booz Allen & Hamilton consultants argue, is beginning to treat corporate chief executive officers a lot like professional athletes. Today's CEOs are "young people with short, well-compensated careers that continue only as long as they perform at exceptional levels." Based on the first comprehensive study of CEO succession at the world's 2,500 largest companies, the three authors find that turnover at the top of the world's largest businesses accelerated significantly during the 1990s. As recently as 1995, nearly three quarters of CEOs either died in office or retired after long careers. By 2001, more than half were fired for poor performance. (The consultants used media reports rather than official company press releases to determine why ...
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