The Cost of Entrenchment: Why CEOs Are Rarely Fired
Wharton finance professor Luke Taylor has heard the conventional wisdom that boards of directors often fail to do their jobs when it comes to firing underperforming CEOs. And while data shows that only 2% of Fortune 500 CEOs on average are fired each year, Taylor notes that there is no benchmark for judging whether that figure is “a lot or not enough.” To address that … [ Read more ]
Content: Article | Author: Luke Taylor | Source: Knowledge@Wharton | Subject: Corporate Governance