2002: Deliver or depart

The 2002 study of CEO succession at the world’s largest public companies found that the forced turnover of chief executive officers because of deficiencies in their performance reached a new high, rising a staggering 70 percent over 2001. The phenomenon was increasingly global in scope: Even in the Asia/Pacific region, where CEOs of major corporations had been relatively protected from market forces, involuntary succession reached levels equivalent to those in other regions. In addition, this year the study included for the first time demographic and situational variables in an effort to identify correlates of CEO success.

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Chuck Lucier, Rob Schuyt, and Eric Spiegel
Performance-related dismissals are up and board tolerance is down at large companies around the world.read more on strategy+business >

 


Past studies