Original Article: http://bigstory.ap.org/article/changing-role-top
“In fact, in the first four months of the year, 11 CEOS were forced out or fired, says a survey of private and public U.S. companies by Challenger, Gray and Christmas. That’s up from 9 CEO terminations in the same period last year. And that doesn’t count those who said they resigned, retired or stepped down, but who were actually pushed out.
Moreover, the average tenure for a CEO last year was 7.9 years down from 9.4 years in 2007, the start of the recession, according to Challenger.”
Contact Colleen Madden Blumenfeld for more data or to set up an interview with SVP Andy Challenger.