Reported 21 days ago
A recent report reveals that U.S. companies are increasingly quick to fire underperforming CEOs due to low stock prices, with 42% of S&P 500 firms changing leadership this year from those in the bottom quartile of stock returns. Despite this urgency, the hiring process remains largely unchanged, favoring internal candidates who are familiar with the corporate culture. The trend indicates growing investor scrutiny, especially from activists demanding leadership changes, although the composition of new CEOs still skews towards traditional demographics.
Source: YAHOO