With the disappointing JCPenney earnings today, some are already calling for the ouster of new-ish CEO Ron Johnson. The former Apple retail chief was brought in to revamp the brand and improve sales -- so far, with little success.
For shareholders and corporate boards in various industries, patience with CEOs might be wearing thinner. Data show that the average tenure of a CEO has dropped from 10 years to 8.4 years since 2000.
Tom Saporito is the CEO of RHR International -- it's a firm of psychologists and consultants who work closely with top executives. He joins us now in today's mid-day extra.
“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA
As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.
Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.
