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How many CEOs heading for the door?
A lot of executives have left their jobs because of problems tied to the credit crunch. Bear Stearns CEO James Cayne is the latest to cave to shareholder pressure. But in 2007, there were actually fewer CEOs heading for the door than the previous year. Consulting firm Challenger, Gray, and Christmas says 1,356 chief execs left their positions in '07. That's a drop of more than 8 percent from '06. But for the third straight year, the number of departures a month averaged more than a hundred.
Posted on January 8, 2008 4:55 AM PT | Permalink
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