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.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.