CHICAGO — Industries across the country experienced slightly less CEO departures in 2007 compared to 2006, according to the new CEO Turnover Report from Challenger Gray & Christmas Inc.
In 2007, 1,356 CEOs lost their jobs, an 8.3% decrease from the 1,478 CEOs that left their companies in 2006. Nearly 135 of the positions were in the financial services sector, the report noted. For the third straight year, the number of monthly departures averaged more than 100.
"There is no doubt that CEOs are under more scrutiny than in the past, but the lack of turnover resulting from the credit crisis reveals how sheltered they remain," John Challenger, CEO of Challenger, Gray and Christmas, said in a press release.
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