Data suggests following longtime CEO is not more risky
- November 13, 2015 |
- CEO Update
CEO Update study of chief executive hires from 2005 through 2012 shows odds of success similar regardless of predecessor tenure Worried about taking a job after a long-tenured predecessor? Contrary to association folk wisdom, data suggests that following a longtime CEO is not inherently more risky than taking any other association top executive job. A CEO Update analysis of records from our database arm, Association Intelligence, shows that nearly 14 percent of chief executives who follow predecessors with 10 years or more tenure do not stick with the new organization—for whatever reason—for even three years. But that's virtually the same turnover rate as… Read More