The next issue of the exechange report will be published on Monday.
Who we are
exechange is the CEO-exit research firm that determines the Push‑out Score™.
What we do
exechange provides in-depth reports, analysis and data on executive changes, particularly CEO departures in the Russell 3000 Index. We apply a proprietary methodology that evaluates whether a CEO is leaving under pressure.
When we do it
exechange reports instantly on CEO changes. Our in-depth coverage is usually available shortly after the company officially announces the leadership change.
Where we do it
exechange’s coverage universe includes the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization.
Why we do it
The problem: C-suite executives are rarely openly fired. They may resign “voluntarily” before being ousted and “jump before they are pushed.”
The solution: The Push-out Score on a scale of 0 to 10 gauges the likelihood that a manager was pushed out or felt pressure to leave the position.
How we do it
exechange analyzes public sources, among them press releases and SEC filings, striving to provide the most current, accurate and complete coverage possible. We work with a focus on facts, figures and form. Without fear or favor. Firm and fair.
Whom we serve
exechange’s products and data are used by practitioners in the financial community, such as investment managers and private equity firms, as well as in academic research.
A Stanford University study using our data can be accessed here.
Research and commentary from exechange appears in renowned business publications. Coverage includes mentions in Bloomberg, CNN Business, Forbes, Harvard Business Review, NBC News, The Times and The Wall Street Journal.
The Harvard Business Review wrote about the Push-out Score: “By more clearly identifying situations in which the CEO has been pushed out, investors can better recognize when a company’s strategy isn’t working and identify investment risks that might not be apparent if a resignation is presumed to be voluntary.”
Corporate governance experts from Stanford University wrote in a research paper: “The Push-out Score developed by exechange offers a systematic approach for combining observable evidence with expert human judgment to arrive at a reasonable assessment of the likelihood of CEO termination.”
The Wall Street Journal wrote: “Daniel Schauber …, who founded a Frankfurt-based research firm, Exechange, has emerged as a cryptologist of top executive departures.”
exechange offers two main products:
- exechange data
- exechange report
The exechange database includes records of thousands of executive changes. From the past five years alone, our database contains records of over 1,300 CEO departure events in the Russell 3000 Index. Each record consists of 43 data fields (variables). The database starts on November 1, 2016, and is updated daily.
Upon request, we will compile historical data from our database for you according to your individual requirements (paid content).
We can also provide you with the latest data on CEO departures on an ongoing basis (paid content).
The weekly exechange report is published every Monday and contains in-depth reports and analysis on capital market-relevant leadership changes from the Russell 3000.
You can subscribe to upcoming issues of the exechange report (paid content) here.
What more we can do
exechange creates customized offers. For example, upon special request, we can provide the following: reports and data, including Push-out Scores, on executive changes within the shortest time after the official departure announcement; and reports and data on executive changes outside of the Russell 3000.
What more we can say
Life is complicated enough. That is why we transform complexity into clarity. At the same time, we don’t want to make things simpler than they are. exechange uses the Push-out Score analysis model to condense an event as complex as a CEO departure into a single score. We explain in detail how we do it and how you can also do the scoring yourself.