The number of CEO departures among the 500 largest U.S. companies fell in the first three quarters of 2006 compared with the same period in 2005, reversing a trend that has been on the increase for the past five years.
Figures from the annual CEO Departures study by public relations firm Weber Shandwick show signs of a dramatic change from the rising CEO departures that had been occurring since 2000.
It could also signal greater confidence in CEOs holding office today and less turmoil at the most senior levels of U.S. business.
In the first three quarters of 2006, just 49 CEOs in the 500 largest revenue-producing U.S. companies left their jobs, compared to 58 CEOs in the same period in 2005 - a 16 per cent decline.
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