Understanding The Rise In CEO Exits

Directors looking to understand and address the exodus can look first to a number of drivers, including the tremendous pressure today’s leaders face contending with volatility and unprecedented change in an unforgiving market. Focus on short-term performance, geopolitical turbulence and talent concerns have all escalated in recent years. When the headwinds hit, CEOs find themselves squarely in the firing line, as Bill George, former CEO of Medtronic and a former board member at Goldman Sachs, ExxonMobil, Novartis and Target, points out in this issues’s cover story (see p. 16). “I know one case where a CEO was given 16 months,” he says. “How can you possibly turn around a culture in 16 months? They’re reacting too quickly to external forces, and that’s not right.”

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