30. Firing CEOs
All good things must come to end. And this is true for being a CEO as well. Circumstances vary, but forced terminations of CEOs show certain patterns and common factors regardless of the individual and individual company. Even though some CEOs had it coming, others are fired for factors beyond their control, while still others should be fired but aren’t.
The dark science of studying CEO firings is the special focus of Dirk Jenter, a finance professor at Stanford. Some of what he has discovered is not surprising: CEOs are more likely to be fired in bad times than good. And many of these firings make sense. When the economy overall is performing poorly, the CEOs of companies that are doing particularly badly and scraping the bottom ...
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