Tuesday 03, June 2008 by
Chief executives are seldom dismissed for poor short-term results, Booz study finds.
A new analysis found little correlation between poor short-term shareholder performance and chief executive dismissals over a 10 year period, according to the latest annual survey of chief executive turnover at the world’s 2,500 largest publicly traded corporations by management consulting firm Booz & Company. The seventh annual study revealed that counter to common perceptions; the worst-performing chief executives actually faced a low probability of being forced from office in the short term.
