PwC study: CEO turnover at record high
Bucharest, 6 August 2019 Almost 17.5% of the executive directors (CEOs) of the world’s largest 2,500 public companies left their office last year, according to the 2018 CEO Success study, recently released by PwC and Strategy&. The turnover hit a record high of the last 15 years of the 19 years covered by the reports. Over two thirds of the replacements occurred because of succession plans, and 20% were forced out of office. For the first time in the history of the study, ethical lapses were a more frequent cause of forced replacements than financial performance. At the same time, the report ...