Newer CEOs more vulnerable to firing
Chief executives new to the job are three times more likely to get fired for poor performance — even when they perform no worse than their more experienced peers, according to research from Duke University’s Fuqua School of Business. rofessors Shane Dikolli and Bill Mayew, along with of Dhananjay Nanda of the University of Miami, found CEOs with less than five years’ experience performed just as well as those who have been at the job longer, but the newer CEO’s jobs were at much higher risk when company earnings fell below expectations. “The labor market tends to care more...
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