'Once again, the new class is dominated by veteran insiders who are replacing leaders who served their full, surprisingly lengthy terms, in carefully planned successions.'
The report on the class of 2018 could be subtitled,"a study in stability," or even"here we go again." Feigen has been producing the report since 2014, and this year's results underscore the relentless, year-to-year consistency in the way corporate America transitions to new leaders––for good and for bad. Once again, the new class is dominated by veteran insiders who are replacing leaders who served their full, surprisingly lengthy terms, in carefully planned successions.
But corporate America's adherence to long-established practices has glaring weaknesses, including the boards' failure to groom women for the top job. That's led to a paucity of female CEOs that despite employers' claims of championing their careers, isn't improving. Feigen's"New CEO Report" for 2018 explores a number of key, mostly enduring, trends. Here are five notable examples.Feigen has been producing the report since 2014, so it's instructive to compare last year's results with the trends over the full five-year period. Once again, the consistency is remarkable. The report found that last year, the S&P 250 replaced 23 CEOs. That turnover rate of 9.
Boards promoted 20 of the 23 new CEOs from within the companies's ranks. Sixteen of those twenty insiders were long-tenured veterans who'd spent, on average, well over two decades with their employer. That's right in line with recent history. Since 2014, 112 of the 134 new CEOs have been insiders. For example, Mike Wirth joined
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer: Buy pot stock Canopy Growth despite the firing of co-CEO and founder Bruce Linton'I have no idea why people are selling it,' says CNBC's Jim Cramer, arguing the new CEO, who has yet to be named, will help lead the company in a new direction.
Read more »
An October no-deal Brexit more problematic than March: Tesco CEOLeaving the European Union without a deal at the end of October would be more di...
Read more »
Canopy Growth Co-CEO Bruce Linton Leaving the CompanyCanopy Growth Corp. co-chief executive Bruce Linton says he was terminated by the Canadian cannabis company following recent quarterly results that disappointed investors.
Read more »
JPMorgan Chase CEO Jamie Dimon says the bank is winning with millennialsChase CEO Jamie Dimon says the bank is winning with millennials — here's why investing in both digital capabilities and branches can convert them to higher-value customers:
Read more »
Bruce Linton says he was fired as co-CEO of Canadian pot company Canopy GrowthCanadian cannabis producer Canopy Growth said on Wednesday Bruce Linton will step down as co-chief executive officer, effective immediately.
Read more »
Cannabis giant Canopy Growth tanks after its co-CEO says he was 'terminated''The Board decided today, and I agreed, my turn is over,' said Bruce Linton, the former co-CEO of Canopy Growth.
Read more »