Posted on May 28, 2008 by Tim Donahue
Investing in Next Generation Talent can mean the difference between business success – and failure.
That’s one conclusion of a new study of CEO line-up changes and shareholder returns in 2,500 publicly-traded companies over a 10-year period.
The Booz & Co. research – released this week – revealed there was an average 2.1 percent rate of CEOs being fired for poor company financial performance in the short term. Even leaders of companies in the bottom tenth of performance over a 2-year period faced less than a 6 percent probability of being shown the door." Continue Reading
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