Wall Street Journal (July 5)
“The bosses of America’s biggest and best-known companies are learning a common lesson this year: The pay is great, but job security has rarely been shakier.” During the first five months of 2017, CEO turnover at large companies more than doubled. The “churn reflects a broader reality for the country’s business elite: An array of challenges—from increasing impatience on Wall Street and in boardrooms to a corporate landscape rapidly transformed by new technologies and rival upstarts—have made the top job tougher and more precarious than just a few years ago.” Today, “even the biggest companies are vulnerable to shareholder disapproval and competitive forces that their size and stature once helped them fend off.”
Tags: Boardrooms, CEO, Challenges, Elite, Impatience, Job security, Pay, Shareholders, Technologies, Turnover, U.S., Upstarts, Wall Street
