Sunday 05, June 2011 by
2010 CEO turnover falls sharply
In 2010, CEO turnover at the world’s largest 2500 public companies saw its sharpest year-over-year decline (19 per cent) of the past decade, falling to 11.6 per cent, according to Booz & Company’s 11th annual CEO Succession Study. At the same time, the share of companies headquartered in emerging markets grew to more than one-quarter of the world’s top companies, exerting significant influence on succession rates due to both their governance structures and fast growth rates. Also contributing to chief executive tenure is how closely involved headquarters is in operational decision making; CEOs who are more hands-on tend to exit office quicker, according to a new Booz & Company analysis.
