CEO Turnover Higher than Ever.


The experiences surrounding long-serving CEOs were a focus of Strategy&'s "2018 CEO Success Study," examining turnover among chief executives at the world's 2,500 largest publicly traded companies from 2004 to 2018. Isolating the data from 2018 successions, it turned out to be a turbulent year, as the percentage of CEO turnovers rose to a record high.

* Long-serving CEOs generally deliver higher shareholder returns than shorter-serving CEOs and are typically succeeded by insiders in a planned succession. However, these successor CEOs significantly underperform and are much more likely to be forced out of office.

* Turnover among CEOs at the world's 2,500 largest companies soared to a record high of...

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