Research news

50% of departing CEOs are pushed out

  • In-depth analysis of 1093 CEO departures in the U.S. from the past four years
  • Around 2.1% of CEOs left with a specific reference to misconduct allegations
  • Female CEOs have been found to be more likely to be pushed out than male CEOs
  • CEOs of companies in the energy, consumer discretionary and consumer staples sectors are feeling the heat

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Push-out Score™: The number you need to know

Who took the initiative? What triggered the move? Bad executive-firm match? Reluctant or happy to leave? Forced or voluntary departure? Performance-induced change? How intense was the pressure? Who turned their back on whom? More than one reason for the change? And why now? When a top manager leaves, many questions arise. exechange gets closer to the answer. Why did the top manager leave?

  • Reported reasons for departures are often not reliable.
  • Firms are not required to reveal the true reason for a departure.
  • An announced retirement may simply be a euphemism for a firing.

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When the tide goes out 

By Jo Whitehead

 

Why pay to fire the CEO?

By David F. Larcker and Brian Tayan

 

Negotiable and attacked — C-level overconfidence and shareholder activists’ targets

By Dirk Schiereck

 

Look out for amplifiers

By Jo Whitehead

 

Cultural due diligence ties the knot in M&As

By Désirée-Jessica Pély and Henrik Cronqvist

 

The backlash of choosing a minority-status CEO

By Harry Garretsen and Janka Stoker

 

Heads roll only if CEOs can be blamed for bad decisions

By Jo Whitehead

 

Where is diversity at SAP during the Covid-19 crisis?

By Dirk Schiereck

 

The role of gender in CEO succession

By Chris Groening

 

You’re never too old to be fired

By David F. Larcker and Brian Tayan

 

Managerial ambiguity harms M&A success and corporate performance

By Desiree-Jessica Pely

 

Having an attractive partner is good for male but not for female CEOs

By Harry Garretsen and Janka Stoker

 

Industry cycles play a role in corporate stumbles

By Jo Whitehead

 

Thomas Cook illustrates the three main reasons for corporate stumbles

By Jo Whitehead

 

The younger CEOs are, the sooner they go public

By Dirk Schiereck

 

The role of gender

By Chris Groening

 

Lessons from the departure of the BMW boss

By Jo Whitehead

 

Are boards proactive or reactive to industry shifts?

By David F. Larcker and Brian Tayan

 

The shelf life of Mark Zuckerberg

By Harry Garretsen and Janka Stoker

 

CEO pay — The rewards of power

By Harry Garretsen and Janka Stoker

 

Kingfisher: A case study of the effects of CEO bias

By Jo Whitehead

 

The Push-out Score and its relationship with stock performance

By Dirk Schiereck

 

PG&E: Another CEO goes down with the ship

By David F. Larcker and Brian Tayan

 

Companies seeking growth need to look hard at their top team

By Jo Whitehead

 

Female CEOs more likely to be fired

By Janka Stoker and Harry Garretsen