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Feb 28, 2001

CEOs: easy come, easy go?

It used to be CEOs left their companies when they were ready, typically owing to old age, ill health or death. Today's departures can be so speedy and - by past standards, at least - so premature as to defy even the best succession planners.

Looking for job security? Then maybe you should rein in those aspirations to reach the dizzy heights of CEO-ness. For it seems the life expectancy of a CEO is dropping faster than stock prices in the dot-com sector.A total of 113 US CEOs left their posts in December, making it the third busiest month of the year. Perhaps more significantly, December also became the fifth consecutive month with over 100 CEO departures, bringing the aggregate total for the five months from August to December to 574,

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Janet Dignan

Janet Dignan is a graduate of Otago University in New Zealand, where she read philosophy. From 1979 to1982 she was head of information at Linklaters, with responsibility for internal and external information resources for its offices in London, Hong...
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