Top executives at U.S. companies switched jobs more than twice as often in the first half of this year than in 2005 as managers come under greater pressure from regulators and shareholders, according to experts.
A total of 15,650 managers from chief executive officers to vice presidents changed jobs January through June, more than twice the 6,489 who did so in the same period in 2005, New York-based Liberum Research said in a study released in July.
The pressures of complying with the Sarbanes-Oxley Act of 2002 and shareholders' demand for better performance may be leading some executives to retire early and forcing others out, said Elise Walton, director of corporate governance practices at management consulting firm Mercer Delta Consulting in New York.
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