CEOs face shorter tenures and tougher critics

Jeremy Hobson and Jeff Horwich Aug 10, 2012
HTML EMBED:
COPY

CEOs face shorter tenures and tougher critics

Jeremy Hobson and Jeff Horwich Aug 10, 2012
HTML EMBED:
COPY

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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Raise a glass to Marketplace!

Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!