It's getting harder to stay on top. Much harder.
According to Strategy + Business magazine, four times as many of the world's top chief executive officers were forced from their jobs last year as in 1995.
Citing research by management consulting firm Booz Allen Hamilton, the U.S. publication said 35 per cent of departing CEOs were shown the door last year. And the pace shows no sign of slowing.
"We don't expect turnover to decline too much. Investors' focus on performance is here to stay," say the report's authors, Chuck Lucier, Paul Kocourek and Rolf Habbel.
Institutional investors, private equity firms and hedge funds are at the forefront of a governance dynamic that's actively realigning corporate strategies, they write.
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