Several studies have shown that leadership, more than money, is a top motivator for workers and fosters employee engagement and morale. On the heels of Donald Sterling’s infamous racist rant, which subsequently cost him his NBA team and caused teammates to protest, as well as Challenger’s most recent CEO turnover report which identified 6 leaders who could be put in the category of bad bosses, companies have turned their attention to bad leadership and how to combat it.
Turnover among the nation’s chief executive officers surged to the highest level in more than three years last month as 128 announced their departures. The July total was up 36 percent from the 94 CEO exits recorded in June, according to the latest report on CEO turnover released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
July departures increased 54.2 percent from a year ago, when 83 CEO changes were recorded. It was the highest monthly total since February 2010, when 132 CEOs left their posts.
Download the full report.