Leadership
Executive Turnover Leads to Unpredictable Consequences
Employee turnover is frequently discussed, but the focus is on staff and manager levels.
Now it is time to talk about executive turnover.
—By Dave Desouza
As an elite group of people who have often reached the pinnacle of their careers, successful executives are in great demand. They reach their positions through dedication to work performance, smart decision-making, careful career planning and development of leadership abilities.
In the past, it was common for CEOs and other top executives to remain in their positions for many years or even decades. Today, that is not as true as it once was. Executive turnover rates have increased, with companies regularly losing top people, creating stakeholder concern about the impact on their organizations. Every executive succession has consequences.
It is important to evaluate the reasons for the turnover and draw insights from executives who left and those who stayed and led their co...
